Oil breaking $100 is about to wreck private credit markets
Energy spike = inflation stays hot = rates stay elevated longer than expected
Companies sitting on floating-rate debt are getting squeezed hard. US private credit default rate just hit 6.1% — a record.
Weaker borrowers? They're cooked. Refinancing environment is turning brutal.
This isn't priced in yet. Watch credit spreads and keep an eye on overleveraged plays in your portfolio.
Energy spike = inflation stays hot = rates stay elevated longer than expected
Companies sitting on floating-rate debt are getting squeezed hard. US private credit default rate just hit 6.1% — a record.
Weaker borrowers? They're cooked. Refinancing environment is turning brutal.
This isn't priced in yet. Watch credit spreads and keep an eye on overleveraged plays in your portfolio.
