
Research
Slumping Leveraged Loans Are Expected to Rebound Late in 2023
M&A activity should come back in the second half, and so should this favorite borrowing instrument, according to JPM and Morgan Stanley.
Private debt fundraising has stagnated in the first half of 2022 amid an economic backdrop of rising rates, and a slowdown of global growth.
Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies.
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
Bank lending to heavily indebted companies will blow up once the economy goes south, Brian Moynihan warns.