junk bonds

Today’s private credit reminds me of “junk” bonds and private mortgages in the 1980s-1990s. These “innovations” created disasters.

Income yields above 7% are a rare thing and present an enticing opportunity, says T. Rowe Price's Mike Della Vedova

There has been a sharp increase in insolvencies, led by construction and hospitality, coupled with a huge rise in non-bank RMBS arrears...

Since 2019, we have been warning about the rise of "zombie companies" kept alive by perpetually cheap money care of the near-zero interest rate and QE-to-infinity...

No-man’s land sounds like an unusual place to find opportunities, but that’s how KKR’s Jeremiah Lane describes one of his team’s most fertile hunting grounds. What...

Shut up and take my money. What? Well, it's likely the first thing I would have said to you if you had told me that I could invest in an asset that could generate...

In the AFR today I write that the global high-yield (or junk) bond market is blowing up once again, schooling investors on why the interest rates on these securities...

This weekend I write about how GFC Mk II could be triggered by a subprime corporate loan crisis. A new record was set this week for the lowest-ever recorded yields on...

Virgin Australia is spending $700 million to buy back the 35% share of the Velocity frequent flyer program that it sold in 2014 for $336 million. It is funding the...

I spent a lot of time in the 2017 End of Year Special Edition looking back across the year, covering some of my best charts and calls (and some of the worst!). But...