Fed's Decisions and Inflation Impacts

15min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Exploring the Fed's decision to anticipate rate cuts in 2024 and its impact on the leverage finance market, this chapter highlights the symmetrical nature of risks and the positive outcomes of inflation normalization. It discusses the effects on nominal rates, total returns, and market optimism, influencing corporate issuers' decisions on primary market bond and loan deals. The chapter also delves into the evolving landscape of syndicated loans with the encroachment of private credit deals, leading to increased competition in deal structuring and pricing.

This week, Reorg’s senior primary market reporter Michael Haley spoke with Harris Associates’ Adam Abbas, who is the head of fixed income at the firm, about the tone of the leveraged finance market so far in 2024 as well as what other other factors will impact the primary market. The episode includes Abbas’ thoughts on how the anticipated rate cuts by the Fed this year will impact corporate issuance as well as how private credit has rivaled the broadly syndicated loan market recently. And, as always, we also bring you our weekly summary of interesting developments in the restructuring world as well as a preview of what’s on tap for next week. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans