If rotating out of high yield, we think consideration should be given to leveraged loans, especially with the rate movement we’re likely to get from the Fed, for a new investor coming into leveraged loans it’s potentially a nice entry point. Richard Kurth More Quotes by Richard Kurth More Quotes From Richard Kurth We believe the trend will be toward higher quality credits, our read on the new issuance calendar in Q1 is plus or minus US$60bn of leveraged loans for M&A, which is fairly robust. Richard Kurth company-news Our read on the new issuance calendar in Q1 is plus or minus US$60bn of leveraged loans for M&A, which is fairly robust, there’s plenty of capital around, which is the underlying theme. Richard Kurth company-news Every default cycle we've seen has been led off by a Fed rate rise, there's high correlation there, everyone has eyes wide open. Richard Kurth company-news It's going to take three or four 25 basis point rate increases before you shoot past the Libor floor and it actually changes borrower interest expenses. Richard Kurth company-news You're seeing deals three, four, five times oversubscribed and the same marginal pricing dynamics. Richard Kurth company-news
