Normally when a corporate credit defaults, the purchasers of Credit Default Swap (CDS) protection receive a payout to compensate them…

Overall it is a definite concern that the flows of cash into high-yield bonds and loans are pushing their yield…

Although there have been relatively few liquidations during the pandemic crisis, this can be attributed to forbearance and government supports.…

Interesting times when the US Securities Exchange Commission feels compelled to stop Hertz, in bankruptcy, selling new shares to the…

Lower Passenger Capacity Going Forward As widely expected there has been an increase in the number of airlines entering bankruptcy…

Like most Big Trades, the fundamental rules remain the same! Liquidity, timing & luck! As John Maynard Keynes allegedly said,…

There have been several high profile warnings from regulators about the potential for leveraged loans to trigger the next financial…