A deep dive into challenges facing the loan market as SOFR’s incorporation gains momentum.

Private credit has grown in both size and breadth, prompting questions around the risks of the asset class and whether it could represent a bubble. We address those concerns in this note.

To help answer the question, “Is now the time to own high yield?,” Robert Hoffman looks at the current fixed income environment as well as the performance of high yield and traditional core fixed income assets over previous market cycles.

An recap on the inaugural SCALE conference from Chief Market Strategist Troy Gayeski.