Will Headlines Hit Your Bottom Line? Risk and Reality in Today’s Credit Markets

Credit markets are making headlines, but what’s really driving the story? Host Greg Hall welcomes Portfolio Manager Jason Duko to break down the latest developments across the continuum of public credit, private credit, and everything in between.  Have a listen, and take away a framework for evaluating today’s key questions: what is the value of liquidity in a portfolio, can private markets keep up with a changing environment, and do historical rules of thumb still apply?

SHOW NOTES:

• (1:57) The everything rally of 2025 – but dispersion beneath the surface.
• (6:11) Recent controversies in the credit markets.
• (17:36) A Glossary of Terms: Amendments, Paid-in-Kind, and plain old Defaults.
• (23:14) When marking at NAV, what are you marking?
• (28:33) The increasing prevalence of the wealth market.
• (36:29) PIMCO’s heritage in Asset-Based Finance.

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