11% of loans are now paying interest with more debt instead of cash. Investors are selling positions at 30-65% discounts just to get out.
U.S. life insurers are sitting on $849B of this stuff. The next crisis won't start at a bank.
TFTC on Nostr: Private credit defaults just hit 6.0%, the highest ever recorded by Fitch. 11% of ...
Private credit defaults just hit 6.0%, the highest ever recorded by Fitch.
11% of loans are now paying interest with more debt instead of cash. Investors are selling positions at 30-65% discounts just to get out.
U.S. life insurers are sitting on $849B of this stuff. The next crisis won't start at a bank.
11% of loans are now paying interest with more debt instead of cash. Investors are selling positions at 30-65% discounts just to get out.
U.S. life insurers are sitting on $849B of this stuff. The next crisis won't start at a bank.