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Timestamps:

(00:00) Introduction

(01:36) The High-Yield Bond Market

(10:08) VanEck Ad

(10:48) Putting Money To Work When Credit Is Priced Optimistically

(19:27) The Bank Loan Market (i.e. Leveraged Loans)

(25:04) How Are Loan Borrowers Handling 500 Basis Points Of Increased Debt Costs?

(28:59) Permissionless Ad

(29:58) The Rise of Private Credit: Are We In The Golden Age?

(41:34) Is Private Credit An Untested Asset Class In A Potential Recession?

(46:53) What Is The Private Credit Money Used For?

(52:57) Why Do Active Managers Manage To Outperform The Index In Credit, When In Equities So Many Underperform?

(58:51) Loan Refinancings Are Occurring At A Record Pace

(01:03:02) Structured Credit And Non-Agency RMBS (Residential Mortgage-Backed Securities)

(01:04:40) Specialty Retail and Emerging Markets

(01:07:02) Commercial Real Estate (CRE)

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Axiom Verge – Cane and Rinse No.414