What is really driving the sort of exceeding expectations over the course of this year is that we already experienced a lot of volatility through 2021 and 2022. Most, I would say 50 to 60% of most companies total loans outstanding in the loan market are hedged. That being said, there's some companies that are completely unhedged. But most leverage companies raise liquidity well ahead of expectations and need.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains Fed Chair Jerome Powell's admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago. Roberta Goss, Head of the Bank Loan and CLO Platform at Pretium, discusses the leveraged loan environment. Mark Mahaney, Head of Internet Research at Evercore ISI and Bloomberg Intelligence Senior Technology Analyst Mandeep Singh talk about Meta’s Threads app topping 100 million users. And we Drive to the Close with Abhay Deshpande, Founder and CIO at Centerstone.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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