Loan Defaults Outpace Bonds; Country Garden Woes

Loan Defaults Outpace Bonds; Country Garden W...

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AI Blitz and US Borrowing Binge Are Disrupting Debt Benchmarks

A borrowing boom among technology companies and governments is upending debt indexes, raising questions about their relevance to investors. “We’re actually starting to think about whether managing versus a benchmark makes a whole heap of sense,” Ross Pamphilon, Impax Asset Manage ...  Show more

Mom-and-Pop Buyers Pounce on Battered Hyperscaler Bonds, Says Seelaus

Mom-and-pop investors are buying hyperscaler debt after a selloff that has hit bonds with long maturities particularly hard, according to R. Seelaus & Co. “You’re just seeing absolute yields in long Meta paper, or a household name, that retail is starting to find really attractiv ...  Show more

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Oh Sh*t, AAA Debt Is Starting to Fail Again...
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Another CRE securitized structure is reportedly causing losses for its top tier, this one in another country and from a different corner of the real estate market. This matches recent reports that big banks are quietly beginning to sell their seniors in the space. Moreover, US ...

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Corporate credit concerns
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Higher interest rates are making it more expensive for companies to borrow money. So what could that mean for the health of corporate America? Saba Capital Management’s Boaz Weinstein, founder and CIO, and Goldman Sachs’ Lotfi Karoui, chief credit strategist, discuss the outlook ...  Show more

Graduate Degrees Cost More
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Bloomberg News Higher-Education Finance Reporter Janet Lorin explains that graduate students are taking on an outsized share of federal loans, and for the first time are set to outpace how much undergraduates are borrowing. Christina Shim, Global Head of Product and Strategy at I ...  Show more