RISK&RETURN Newsletter: The latest news on debt origination, syndication, research and investment.

Rules and Ratings: Moody’s sees improving credit fundamentals driving leveraged finance deals

As interest rates decline, credit fundamentals will improve in 2025 and defaults will ease, according to analysis from credit rating agency Moody’s. “Investors will hunt for yield and private equity […]?

Insights and analysis: Morgan Stanley 2025 – ‘Timing Is Everything’ across asset classes

Morgan Stanley’s outlook for 2025 finds a “still-moderate macro environment” with the mood heading towards deregulation, which it notes is largely is constructive for risk assets. “That said, rising uncertainty […]

The Book: European HY issuance proceeds spike in Q3

European HY bond issuance year-to-date has generated €121.3 billion in proceeds, the second highest results in AFME’s records. The figure fell just below 2021’s landmark €123.7 billion, generated following post-Covid […]

Investor Demand: How Trump tariffs could affect investor appetite for dollar, risk outcomes

UBS House View, published by Mark Haefele, Global Wealth Management chief investment officer; Brian Rose, senior US economist, CIO America; Jon Gordon, strategist, UBS AG Hong Kong Branch; Vincent Heaney, […]

Origination: State Street issues US$2.25 billion in senior debt

State Street has issued US$2.25 billion in senior debt through State Street Bank and Trust. The bank has partnered with diverse and veteran-owned firms on this issuance to align with […]