Managers who don't have redemption pressure are much better positioned in this market, it's extremely hard to sell low quality, and you're going to take a hit selling those credits in the current environment.

Sean Coleman

Categorized in : Company News

Despite recent market firmness, large deals still face resistance given the risk-off environment and weak technicals: fund outflows, buyers on strike and the slowing CLO machine, we expect a muddle through economy rather than a recession this year.

We expect a muddle through economy rather than a recession this year, nonetheless, you could argue the high yield markets are pricing in a recession.