Private Debt Defaults Accelerate; China’s Bon...

BMO Asset Management, which oversees almost C$300 billion ($218 billion), has cut its junk-bond holdings and moved into safer parts of credit as geopolitical and macroeconomic pressures mount. “We love the movie — we’re still there — but we’re just getting a seat closer to the ex ...  Show more

Companies need to move fast to refinance leveraged-buyout debt coming due over the next few years, according to ICG. “Folks should start getting ahead of it because the traffic jam may be more the issue than anything,” David Saitowitz, the $126 billion global alternative asset ma ...  Show more

America may have avoided a government shutdown last month but its fiscal worries are far from over. And unease in <a href="https://www.economist.com/leaders/2023/09/28/forget-the-shutdown-americas-real-fiscal-worry-is-rising-bond-yields?utm_campaign=a.io&utm_medium=audio.podca ...

Private debt as an asset class has seen unprecedented growth over the past decade, but macro headwinds are creating challenges for direct lenders, and rising interest rates – while potentially beneficial to returns – are likely to further increase financial pressure on borrowe ...

Higher bond yields in developed markets are spooking equity markets, but some on the bond side see the higher yields as too attractive to miss out on. Services prices in Japan rose at the fastest annual rate since 1993. China is pushing hard against a weaker yuan. Bitcoin drop ...

Things are getting more expensive for Tokyo and the rest of the world. Host Carmel Crimmins talks to Leika Kihara, Reuters chief correspondent in Japan, and Vidya Ranganathan, editor for finance and markets breaking news, about rising borrowing costs in the world’s most-indebted ...  Show more