Bite size updates on soaring global debt levels, anecdotes of yield chasing and the LIC/LIT fee battle.
Bite size updates on Paul Volcker’s legacy, European banks and UK fund lock ups.
Bite size updates on emerging market debt, US auto loans and Virgin Australia’s very junky debt raising.
Bite size updates on leveraged loans, Greece’s non-performing loan securitisation and India’s bad debts.
Bite size updates on the RBA’s responsibility for bubbly house prices and Greece’s rating upgrade and bond issuance.
Covenant Lite You know it’s late in the credit cycle when credit investors give away their key protections in return for just a little more yield. This acquiesce comes in different forms, including higher levels of leverage, longer dated debt, subordinated debt and weakened or eliminated covenants commonly referred to as “covenant lite”. This risk […]