OppFi Inc. (OPFI) is a financial technology company dedicated to providing accessible and inclusive lending solutions for underserved consumers. Their platform bridges the gap for those who may not qualify for traditional credit, offering personalized financial products designed to meet the unique needs of these customers. OppFi combines advanced technology with a commitment to customer […]
Read MoreFeatured Content TransUnion (TRU) is a leading global information and insights company that specializes in credit reporting and risk management solutions. Founded in 1968, TransUnion operates a comprehensive database that collects and analyzes consumer information to provide valuable insights to businesses and consumers alike. The company offers a wide range of services, including credit reports, […]
Read More(Bloomberg) — Multiple stress points are emerging in credit markets after years of excess, from banks stuck with piles of buyout debt, a pension blow-up in the UK and real-estate troubles in China and South Korea. With cheap money becoming a thing of the past, those may just be the start. Distressed debt in the […]
Read More(Bloomberg) — For bond traders, the upward drift of Treasury yields hasn’t been that hard to predict. It’s the short-term swings that are vexing. The world’s largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in 2007, marking a stark break with the stability […]
Read More(Bloomberg) — The odds are rising that corporate borrowers will struggle to repay their debts as the Federal Reserve opts for jumbo interest-rate hikes to combat inflation, according to UBS Group AG. Default rates for US leveraged loans could next year rise to 9% as long as the Fed stays on its aggressive monetary-policy path, […]
Read More(Bloomberg) — Credit markets are starting to buckle under pressure from soaring yields and fund outflows, leaving strategists fearing a rupture as the economy slows. Banks this week had to pull a $4 billion leveraged buyout financing, while investors pushed back on a risky bankruptcy exit deal and buyers of repacked loans went on strike. […]
Read More(Bloomberg) — China has surged ahead of the US for corporate bond deals in its yuan credit market in recent months, a rare shift that highlights the deepening impact of the two countries’ diverging monetary policies. Yuan-denominated bond issuance by non-financial firms exceeded that in the greenback in both July and August, a first for […]
Read More(Bloomberg) — Investment-grade issuers may sell bonds at a faster pace next week after market volatility had pushed many borrowers to the sidelines over the past month. Estimates for next week’s U.S. high-grade bond sales call for $25 billion to $40 billion. That’s well ahead of this week’s sales, which fell shy of consensus for […]
Read More(Bloomberg) — Credit investors are in a “sell what you can” mood in an environment of rising rates and political tensions, a Bank of America Corp. survey showed, with Goldman Sachs Group Inc. strategists telling clients to switch to cash. The net overweight position in investment-grade credit has dropped to 16%, the lowest since February […]
Read More