COMPANIES SLASH BORROWING COSTS ON $400BN OF U.S. JUNK LOANS / THE FINANCIAL TIMES

Companies slash borrowing costs on $400bn of US junk loans Borrowers benefit from equivalent of two Fed rate cuts as demand for debt booms H...

HAS PRIVATE CREDIT´S GOLDEN AGE ALREADY ENDED? / THE ECONOMIST

Has private credit’s golden age already ended? A more competitive market is a less profitable one The history of leveraged finance—the busin...

WHY JUNK BOND YIELDS ARE NOT SO ABSURD / THE FINANCIAL TIMES

Why junk bond yields are not so absurd The market for risker debt is hot and expensive — but not wildly out of line with history or economic...

JUNK YIELDS ARE JUNKY / THE FINANCIAL TIMES OP EDITORIAL

Junk yields are junky And who cares about payment for order flow? Robert Armstrong  © Financial Times Real euro junk yields are not negative...

CHINESE PROPERTY BONDS ARE HOT, DEFAULTS ASIDE / THE WALL STREET JOURNAL

Chinese Property Bonds Are Hot, Defaults Aside Investors find more appetite for risk as they hunt for yields in a challenging market By Xie ...

TIME FOR ACTION ON AMERICA´S DARWINIAN DEBT STRUGGLE / THE FINANCIAL TIMES OP EDITORIAL

Time for action on America’s Darwinian debt struggle A credit crisis among small businesses risks creating an even more lopsided US econom...

WHEN MONEY DIED / CREDIT BUBBLE BULLETIN

When Money Died Doug Nolan Sitting at the dinner table, our eleven-year old son inquired: “If a big meteor was about to hit the eart...

NOW THAT´S JUST CRAZY, PART 1: JUNK BONDS WITH NEGATIVE YIELDS / DOLLAR COLLAPSE

Now That’s Just Crazy, Part 1: Junk Bonds With Negative Yields by John Rubino A central bank that’s desperately trying to ignite a bor...