Markets seized up in April, plummeting on the news that the Trump administration would apply higher-than-expected reciprocal tariffs across America’s largest trading partner.
The new year brought a change to Washington with the inauguration of a new president intent on disrupting business as usual and investors attuned to the accompanying risk and opportunity. But in the loan market, however, it was more of the same: a technical imbalance with new loan supply falling short of high demand from...
The Federal Reserve cut interest rates in September for the first time this cycle, a watershed moment that had been anticipated for some time and a recalibration to monetary policy from fighting inflation to preserving economic growth. The impact of the Fed’s action to corporate credit was felt across the third quarter, when returns for...
