Hybrids Plummet, Private Credit Booms, Pensions Dive: Credit Chat
FICC Focus
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How Does the Rip and Rates Higher Impact Pensions?
Boeing's capital structure solution is pretty simple and straightforward. You deliver your planes, generate cash and you turn around and you pay your debt. They have about 5 billion in maturities over the next couple of years. There's about a 35 basis point spread gap on average across the curve that I think could sort of shrink over the intermediate term. That's going to really hinge on their ability to deliver 737 and 787.
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