Why Credit Conditions Have Actually Eased Over Past Year | Oaktree’s Wayne Dahl on High-Yield Bonds, Leveraged Loans, Private Credit, and the Recession Yet To Arrive

Jul 29, 2024

Wayne Dahl from Oaktree, an expert in high-yield bonds and leveraged loans, delves into the evolving credit landscape. He discusses how improved quality and low default rates have made high-yield bonds appealing, with yields around 7.5%-8%. The rise of private credit is highlighted as a critical factor amid traditional lending challenges. Dahl also sheds light on how borrowers are refinancing amid rising rates and the increasing appeal of structured credit for higher yields, all while navigating the economic outlook for potential recessions.