Private Credit Growth and Default Probability
T he structural displacement of traditional banking by non-bank lenders has fundamentally altered the corporate financing landscape. With regional banks retrenching due to Basel III Endgame capital …
Duration Management in Inverted Curve Regimes
The persistency of the US Treasury yield curve inversion, specifically the spread between the 10-year and 2-year notes (10s2s), has fundamentally altered the risk-reward profile of fixed-income por…
