Fallout from the Fed raising rates is going to be greater in the high-yield bond market than in loans, because loans are floating rate and higher up in the capital structure. John Sherman More Quotes by John Sherman More Quotes From John Sherman If we will not endure a king as a political power, we should not endure a king over the production, transportation, and sale of any of the necessaries of life. John Sherman economic-inequalitypoliticalkings It's time to stop producing stuff, and start producing fun. John Sherman stufffun We are told that this is an odious and unpopular tax. I never knew a tax that was not odious and unpopular with the people who paid it. John Sherman tax-daytaxespeople Sometimes the best gear for a climb is a good excuse. John Sherman climbinggearssometimes It lasted but a year of two, till all the routes were done. The pace so fast that most forgot that climbing could be fun. John Sherman climbingfunyears Then came a bigger fear. Not the threat of imminent injury, but the fear that if I didn't go back up, I would be a chickenshit forever. John Sherman climbingwould-beforever If a deal has what people view as good credit quality, where there are no concerns about the quality of the business, we see those deals getting done, those companies that have secular risks or other business risks that investors identify, people are just avoiding those at all costs. John Sherman company-news Given the illiquidity and volatility, we'd anticipate that LBO volumes in particular would probably be lower than in an otherwise functioning market. John Sherman technology People are willing to extend credit, even if it's at slightly higher yields or wider spreads, to good companies. John Sherman technology
