Archive for June 2024

Quick post on debt markets ahead of Memorial Day weekend.  Our market note on 5/6/24 spoke to overall tone being firm in the credit markets.  This has only become more true over the last three weeks. There has been a notable deluge of liquid markets issuance from industrials issuers.  Arclin, Sensata, Gates Corp., Michael Baker,…

Here at the beginning of May, overall tone is firm in the credit markets. Healthy competition and light supply have resulted in tight credit spreads across institutional, private credit, and pro rata (commercial bank) markets. Absolute cost of debt remains elevated with persistence of SOFR rates over 5.00% and 10yr UST ~4.50%.   Some of…