Does interest rate renormalization = corporate default renormalization?

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The Wall Street Journal quotes Christina Padgett, head of leveraged finance research at Moody's Investors Service Who said: "Leverage is getting back to where it was pre-crisis. After the crisis, companies were behaving more conservatively and … [Read more...]

Evaluating Credit Market Risk vs. Return


Steve Martin once said, “A day without sunshine is like, you know, night.” Can you think of anything more obvious? Here’s one: when you make a loan, it’s important to get your money back. Granted, it’s not as funny, but it’s equally … [Read more...]

This 6% Yielding Security is Worth a Look


Duke Energy is the largest electric power holding company in the United States, supplying roughly 7.7 million customers across an area of more than 100,000 square miles with either electricity or gas. The company’s electric customers can be found in … [Read more...]