A Vast Market in Private Credit

Key Takeaways:

• Capital will be rationed during an economic slowdown and credit contraction.
• But banks, lenders, and investors should benefit from moving up in credit quality.
• In private credit, investors have the ability to manage credit requirements and covenants, which should attract capital.
• One example of capital rationing is disintermediation in the banking sector.
• The First Republic failure shows that disintermediation remains a problem, but it is not likely systemic.
• The Federal Reserve will likely hike this week, but it will be slow to start cutting.

Read Q2 2023 High-Yield and Bank Loan Outlook: The Pre-Recession Playbook for Up in Quality

VIDEOS & PODCASTS

 

2022’s Upside: The Fed Has Put the Income Back in Fixed Income

Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joined Asset TV to discuss macroeconomic conditions, risk, and relative value in the bond market.

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2022’s Upside: The Fed Has Put the Income Back in Fixed Income

 

Macro Markets Podcast Episode 33: Fixed-Income Opportunity Now and Down the Road

Adam Bloch, Portfolio Manager for Guggenheim Investments, checks in with Macro Markets to discuss opportunities, tactics, and strategy in today’s uncertain economic and market environment.

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Macro Markets Podcast Episode 33