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Source: Live Mint The biggest buyers of leveraged loans are getting pushed to the sidelines, which is set to make it harder for riskier companies to tap the $1.4 trillion market for such debt. Money managers are poised to dramatically slow new issuance of collateralized loan obligations, which buy and pool buyout debt, in the…
Source: Live Mint (Bloomberg) — Corporate debt’s halcyon days are showing signs of fading, with trade wars damping what had been a relentless demand for credit. “Cracks that appeared in the credit market last week culminated into a fracture this week,” Bank of America Corp. strategist Neha Khoda wrote in a note, adding that markets…
Source: Live Mint (Bloomberg) — Long-term US Treasury yields have climbed so quickly that a prominent bear has said it’s time to take some chips off the table. Mark Dowding, chief investment officer at RBC BlueBay Asset Management, said he closed a bearish bet on long-maturity bond prices last week after a stronger-than-expected jobs report…
