This week, we start by discussing the bifurcating secondary market. (Hint: See the BB par-plus market share!) We then move to SOFR land, flagging both new tools (Averages! Indices! Simple Equations!) and proposed tax relief. Finally, we note that you might have seem some unfair allegations about loans and CLOs. Well, we just published a […]
This week, we start off discussing the future – or lack thereof – of LIBOR in NYC (with the FRBNY) and Miami (through ABS East). We turn to markets, cataloguing the slowing secondary in August (and July, and June…) and explain why. We – and our friends – continue to defend loans; we share yet […]
Last month we highlighted that secondary loan prices finally caught a bid in July, following two consecutive months in the red. Well, the rally proved to be short lived as the secondary loan market generated its worst reading of the year in August.
This week we cover 1H19 Review…Primary, Secondary & Sustainable Finance (and Bonus Litigation Finance)
This week we cover Secondary Market Report; SEC’s Reg Best Interest; LIBOR Accounting Issues; Report on LIBOR Panel
This week we cover 1Q19 US Loan Market Review & London Call Outs
This week we cover CLO Real News; Bankruptcy Hardball; and January’s Secondary Market
Talk about starting the new year on a high note. The “January Effect” was in full swing across risk assets as the loan, high-yield bond, and equity markets staged dramatic rallies.
This week we cover Q4 Secondary Market, The Regulators (actually) Speak, Loan Documentation Terms
This week we cover November Secondary Market; Regulators’ Views on Risk; ISDA’s Views on LIBOR Fallbacks
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