⚡️What to Make of the Credit Cycle. Part 28. (Long Financial Ingenuity.)⚡️
Nobody questions that we’re late stage at this point. Lest you have any doubt, consider the following:
1. Enhanced CLOs
A growing number of money managers are embracing a new strategy designed to benefit from volatility in junk-rated corporate loans, a sign of building worries about riskier borrowers and the market that support…