Commentary
It’s the Dough, Not the Dow
The oft-quoted baseball legend Yogi Berra once said, “When you come to a fork in the road, take it.” This…
Read MoreThat’s Why It’s Called a ‘Market’
F. Scott Fitzgerald wrote, “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind…
Read MoreThin January
As hard as it is to grasp, one-twelfth of the year is already over. For the few of our readers who…
Read MoreFeeding the Chickens
“I believe in being fully transparent,” we told our spouse, negotiating NFL playoff viewing rights this past weekend. “It’s working,”…
Read More“It’s Been A Long Year”
So bemoaned one friend from a broadly syndicated loan desk on Monday. We get it. As we covered in our…
Read MoreLost in Translation
2018 ended in the high-yield loan and bond markets not with a bang, but with an olufsen. That’s our rendition…
Read MoreThe Price of Everything (Last of a Series)
“US credit markets are grinding to a halt.” So warned the front page of Monday’s Financial Times. Followers of this…
Read MoreThe Price of Everything (Second of a Series)
Loan prices for the most liquid leveraged names continued to drift lower this week in the wake of continued volatility…
Read MoreThe Price of Everything (First of a Series)
Being off-kilter made it world-famous, but that condition is slowly being remedied. Almost since it was built in 1173, the…
Read MoreSearch and Recovery (Last of a series)
As we conclude our special series on leveraged loan recoveries, let’s take a look at one structure that is testing…
Read More