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Decoding default risk: What are credit markets telling us?

While the economic environment is unclear, we believe we can glean valuable insights about credit markets from implied market default rates.

Credit market commentary: August 2022

Credit markets were mixed last month. High yield built on its July rally in the first half of the month before surrendering those gains, ending August down -2.83%. Floating rate senior secured loans ended August up 1.54%.

Charted territory: Inflation playbook

Sustained higher inflation is here to stay. Our team analyzes its impacts to equip investors with the right defenses.

CRE rent growth has mostly outpaced inflation

Amid unrelenting inflation, this week’s chart looks at effective annual rent growth outpacing inflation across certain CRE sectors.

Rent, labor markets continue to challenge Fed

As the Fed remains determined to temper inflation, this week’s chart looks at two stubborn inflation drivers: shelter and labor markets.
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