logo
episode-header-image
Sep 2023
28m 58s

Junk Debt Markets Are Hot Again; Real Es...

bloomberg
About this episode

Leveraged finance has sprung back to life with jumbo buyout deals and dividend loans, according to Bloomberg News’ Claire Ruckin. Credit investors are increasingly hungry for risk and companies are piling on debt amid hopes of a soft landing and lower rates ahead, Ruckin says. In this episode of the Credit Edge, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Tolu Alamutu about growing distress in real estate. Trouble has spread through Sweden and other parts of Europe, while also putting pressure on financial institutions, Alamutu says. 

See omnystudio.com/listener for privacy information.

Up next
Aug 21
Tetragon Sees Midteens Gain in Riskiest CLO Tranche
Collateralized loan obligation equity stands to gain as much as 15% this year, according to Tetragon Credit Partners. “It’s teens returns, high current cash flows and diversification,” said Dagmara Michalczuk, co-chief investment officer at the firm, which specializes in the risk ... Show More
41m 11s
Aug 14
Mudrick Sees Seven-Year Default Wave as Rates Stay Up
More companies will fail to repay debt as funding costs stay high, according to Mudrick Capital Management. “What we’re getting is just elevated defaults every year, we think for the next five to seven years,” Jason Mudrick, the distressed debt fund’s founder and chief investment ... Show More
42m 52s
Jul 31
Junk Companies Are in Debt Covenant 'La La Land,' Says Fox Legal
Fox Legal Training sees debt documentation risks rising as too much cash chases a limited number of high-yield deals. “Provisions these days are drafted in a way that they are very much departures from reality,” Sabrina Fox, the company’s founder, tells Bloomberg News’ James Crom ... Show More
43m 31s
Recommended Episodes
May 2023
Debt Markets Flash Recession Warning Signs
A.M. Edition for May 31. The stock market may be riding high, but down below, debt markets are creaking under the strain of rising interest rates. WSJ credit reporter Matt Wirz explains whether worrying trends in real estate, consumer debt, and bankruptcies spell trouble for the ... Show More
17m 57s
Oct 2022
Vishy Tirupattur: Can Corporate Credit Provide Shelter?
With investors becoming pervasively bearish on stocks and bonds in the face of a worsening growth outlook, can the U.S. investment grade credit market provide shelter from the storm? ----- Transcript ----- Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's ... Show More
3m 55s
Feb 2023
CNBC Special Report: Taking Stock 2/16/23
CNBC’s Brian Sullivan reports on the Fed and your money. U.S. stock futures slipped after the major averages suffered declines amid concerns of stubbornly high inflation metrics. St. Louis Federal Reserve President James Bullard said he backed a 50 basis point interest rate hike ... Show More
36m 31s
Mar 2023
Money Talks: Discredit Suisse
Few would have predicted that the demise of Silicon Valley Bank, a niche Californian lender, would be followed by the failure of Credit Suisse. But on March 19 the banking crisis reached Zurich, where regulators brokered a fire sale that saw the ailing 167-year-old bank sold to r ... Show More
46m 18s
Jun 2023
Money Talks: The great debt hangover
Decades of cheap money has left businesses in America and Europe addicted to debt. Some companies have been borrowing cash just to dole it out to shareholders. But with interest rates now reaching levels not seen in 15 years, those debt-drunk firms are waking up to the threat of ... Show More
35m 35s
Mar 2023
Money Talks: Discredit Suisse
Few would have predicted that the demise of Silicon Valley Bank, a niche Californian lender, would be followed by the failure of Credit Suisse. But on March 19 the banking crisis reached Zurich, where regulators brokered a fire sale that saw the ailing 167-year-old bank sold to r ... Show More
46m 18s
Mar 2023
What Does The Collapse of Silicon Valley Bank Mean For Your Money?
The biggest bank failure since the 2008 financial crisis is stoking fears of a larger financial meltdown across regional US banks. Silicon Valley Bank, a key lender for startups and the tech industry, collapsed last week. As regulators take over, many people around the country ar ... Show More
21m 31s
Jun 2023
Money Talks: The great debt hangover
Decades of cheap money has left businesses in America and Europe addicted to debt. Some companies have been borrowing cash just to dole it out to shareholders. But with interest rates now reaching levels not seen in 15 years, those debt-drunk firms are waking up to the threat of ... Show More
35m 35s
Sep 2013
Fallout from no taper, poor Q3 results from investment banks and US money markets' renewed interest in French banks
The banking team discusses the latest evidence of poor third-quarter results from investment banks. Sam Jones, hedge fund correspondent, joins the podcast to look at the Fed’s startling decision not to scale back on QE and whether investors should take central banks’ guidance wit ... Show More
1m 5s