High-Yield Ended Up Being Oxy. Private Credit Is Fentanyl. Investors are hooked, plus it won’t end well.
High-Yield Ended Up Being Oxy. Private Credit Is Fentanyl. Investors are hooked, plus it won’t end well.
January 28, 2020
Video: Economist Perspective: Battle for the Yield Curves
Personal equity assets have increased sevenfold since 2002, with yearly deal task now averaging more than $500 billion each year. The typical leveraged buyout is 65 percent debt-financed, producing a huge boost in demand for business debt funding.
Yet just like personal equity fueled an enormous rise in interest in business financial obligation, banks sharply restricted their contact with the riskier areas of the credit market that is corporate. (更多…)...