U.S. News
-
-
- U.S. inflation increased to 3% in January, with a 0.5% monthly rise – the fastest since August
2023
- Core CPI rose 0.4% from December or 3.3% on a year-over-year basis, both higher than economists expected
- Grocery prices rose 0.5% monthly, driven by a 15.2% surge in egg prices due to avian flu. Categories like gas prices, used cars, airline fares, and insurance also saw notable jumps
-
-
- The producer price index (PPI) rose 0.4% in January, with a 3.5% year-over-year increase, the highest in nearly two years, signaling persistent inflationary pressures
- Core PPI rose 0.3% with a slight dip in the 12-month core rate to 3.4%
- Service costs and food prices continued to rise contributing to sustained inflation
-
-
- Retail sales fell 0.9% month-over-month in January, marking the biggest drop in nearly two years, largely due to reduced consumer spending after the holiday season and severe winter weather
- Auto dealer sales fell 2.8%, online retail fell 1.9%, while sales rose in general merchandise stores and restaurants
- Despite the January dip, 2024 saw solid retail growth which was 4.4% year-over-year with economists viewing the slowdown as a temporary break following strong consumer performance in 2024
-
-
- Initial jobless claims, a measure of how many workers were laid off across the U.S., decreased
to 213,000 in the week ended February 7, down 7,000 from the prior week.
- The four-week moving average was 216,000, down 1000 from the prior week.
- Continuing claims – those filed by workers unemployed for longer than a week – decreased by
36,000 to 1.850 million in the week ended January 31. This figure is reported with a one-week
lag.

-
-
- The Federal Reserve’s assets totaled $6.814 trillion in the week ended February 14, up $2.6
billion from the prior week.
- Treasury holdings totaled $4.266 trillion, down $1.2 billion from the prior week.
- Holdings of mortgage-backed securities (MBS) were $2.22 trillion in the week, down $7.0 billion
from the prior week.

-
-
- Total public debt outstanding was $36.22 trillion as of February 14, an increase of 5.7% from the
previous year.
- Debt held by the public was $28.90 trillion, and intragovernmental holdings were $7.31 trillion.

-
-
-
- The consumer-price index rose 3.0% in January year over year.
- On a monthly basis, the CPI increased 0.5% in January on a seasonally adjusted basis,
after increasing 0.4% in November.
- The index for all items less food and energy (core CPI) rose 0.4% in January, after
rising 0.2% in November.
- Core CPI increased 3.3% for the 12 months ending January.
-
-
-
- The food at home index increased 1.9% in January from the same month a year earlier,
and increased 0.5% in January month over month.
- The food away from home index increased 3.4% in January from the same month a year
earlier, and increased 0.2% in January month over month.
-
-
-
- The energy commodities index increased 1.9% in January after increasing 3.9% in
- The energy commodities index fell (0.5%) over the last 12 months.
- The energy services index rose 1.8% in January after increasing 0.8% in December.
- The energy services index rose 2.5% over the last 12 months.
- The gasoline index fell (0.2%) over the last 12 months.
- The fuel oil index fell (5.3%) over the last 12 months.
- The index for electricity rose 1.9% over the last 12 months.
- The index for natural gas rose 4.9% over the last 12 months.
-
-
-
- Drewry’s composite World Container Index decreased to $3,095.11 per 40ft
- Drewry’s composite World Container Index has decreased by (17.1%) over the last 12
months.
-
-
-
- The shelter index increased 0.4% in January after increasing 0.3% in December.
- The rent index increased 0.4% in January after increasing 0.3% in December.
- The index for lodging away from home increased 3.9% in January after decreasing
(2.1%) in December.
-
-
- The effective Federal Funds Rate is at 4.33%, flat 0.00% year to date.

World News
-
-
- Israel and Hamas resolved a dispute over humanitarian aid, leading to the release of three hostages, though both sides later violated the cease-fire
- Mediators are working to secure the release of more hostages as Gaza faces worsening humanitarian conditions amid ongoing conflict
- Egypt is developing a reconstruction plan for Gaza that ensures Palestinians remain on their land, rejecting Trump’s proposal to relocate them to other countries
- Arab leaders, including Jordan’s King Abdullah, strongly oppose Trump’s plan, while protests in Gaza reflect widespread Palestinian fears of displacement
-
-
- The European Commission will propose changes to fiscal rules allowing EU member states to increase defense spending beyond the 3% of GDP deficit cap, using an “escape clause” under certain conditions
- The EU’s 27 members currently spend a combined 2% of GDP on defense, but European Commission President Ursula von der Leyen stated that this must rise by hundreds of billions of euros annually, aligning with NATO’s push for members to exceed 3% of GDP in defense spending
- Eurozone industrial production fell 1.1% in December, reversing gains from the previous two months and performing worse than the 0.5% decline economists had forecast
- The manufacturing sector faces further challenges in 2025, with a global trade slowdown and potential U.S. tariffs under Donald Trump, while Germany, France, and Italy saw declining output
-
-
- China’s cabinet is focusing on boosting domestic consumption by increasing residents’ incomes and expanding property-related income channels, with upcoming policies expected to address pensions and healthcare
- The government plans to boost foreign capital by promoting reinvestment and expanding the industries open to foreign investment, after a 27.1% drop in foreign direct investment in 2024 following a 8.0% decline in 2023
- Trump’s suspension of the de minimis trade exemption for China imports has disrupted platforms like Shein and Temu, which are now facing delays and price hikes. Shein is pushing suppliers to set up production in Vietnam, while Temu raised prices and is focusing on U.S. based inventory
- Without the exemption, tariffs on goods from Shein and Temu could reach 60%. U.S. consumers might face an average annual cost increase of $136 per household, with Shein and Temu already struggling with thinner margins compared to competitors like Amazon
-
-
- Mexico’s President, Claudia Sheinbaum, warned that U.S. gunmakers could face legal action for complicity in organized crime if the U.S. designates Mexican cartels as terrorist groups, citing that 74% of weapons used by criminal groups in Mexico come from the U.S.
-
-
- Japan will release 231,000 tons of emergency rice stockpiles to combat soaring prices, driven by record heat, distribution issues, and rising demand, marking the first time the government has intervened due to market disruptions
-
-
- The Bank of England (BOE) cut interest rates by 0.25 percentage points to 4.5%, citing slowing economic growth and inflation concerns, while warning that U.S. tariffs could further weaken the global economy. The BOE also lowered its growth forecast for the U.K. economy and expects further rate cuts throughout 2025
-
-
- Hong Kong is filing a WTO complaint against the U.S. tariffs, arguing that the 10% levies imposed on its exports violate WTO rules and undermine its status as a separate customs territory from China. The tariffs were imposed by the Trump administration, and Hong Kong is seeking dispute resolution to defend its trade rights
-
-
- Sudan’s military forces are close to retaking Khartoum from the Rapid Support Forces (RSF) after nearly two years of civil war, with recent victories in Wad Madani and key strategic areas in the capital. The conflict, which has displaced over 12 million people, is a power struggle between Lt. Gen. Abdel Fattah al-Burhan and RSF commander Lt. Gen. Mohamed Hamdan Dagalo
-
-
- A 7.6 magnitude earthquake struck the Caribbean Sea south of the Cayman Islands on February 8, 2025, prompting tsunami alerts in several regions, including Puerto Rico, the Dominican Republic, Cuba, and the U.S. Virgin Islands. While initial warnings urged coastal evacuations, most advisories were later canceled. There were no immediate reports of significant damage
-
-
- India’s central bank (RBI) cut its key policy rate from 6.50% to 6.25%, marking its first rate cut in nearly five years, as the economy slows and inflation cools. The move aligns with India’s efforts to stimulate growth, while also navigating trade tensions with the U.S. under the Trump administration
-
-
- Canada recorded a C$708 million trade surplus in December 2024, driven by a jump in energy exports to the U.S. and a weaker Canadian dollar. The surplus comes amid uncertainty over potential U.S. tariffs, as President Trump threatened a 25% tariff on Canadian imports, prompting Ottawa to consider retaliatory measures
Commodities
-
-
- WTI: $70.96 per barrel
- (2.16%) WoW; (1.06%) YTD; (3.93%) YoY
- Brent: $74.60 per barrel
- (2.81%) WoW; (0.05%) YTD; (5.82%) YoY
-
-
- U.S. oil production amounted to 13.5 million bpd for the week ended January 31, up 0.0 million
bpd from the prior week.
-
-
- The total number of oil rigs amounted to 586, up 4 from last week.
-
-
-
Crude Oil
- Total U.S. crude oil inventories now amount to 423.8 million barrels, down (0.9%) YoY.
- Refiners operated at a capacity utilization rate of 84.5% for the week, up from 83.5%
in the prior week.
- U.S. crude oil imports now amount to 6.448 million barrels per day, down 0.1% YoY.
-
Gasoline
- Retail average regular gasoline prices amounted to $3.14 per gallon in the week of
February 7, down (0.8%) YoY.
- Gasoline prices on the East Coast amounted to $3.13, down (3.0%) YoY.
- Gasoline prices in the Midwest amounted to $3.00, up 0.5% YoY.
- Gasoline prices on the Gulf Coast amounted to $2.81, down (3.5%) YoY.
- Gasoline prices in the Rocky Mountain region amounted to $3.09, up 7.9% YoY.
- Gasoline prices on the West Coast amounted to $4.06, down (1.3%)
- Motor gasoline inventories were up by 2.2 million barrels from the prior week.
- Motor gasoline inventories amounted to 251.1 million barrels, up 0.0% YoY.
- Production of motor gasoline averaged 9.17 million bpd, up 1.7% YoY.
- Demand for motor gasoline amounted to 8.328 million bpd, down (5.4%) YoY.
-
Distillates
- Distillate inventories decreased by -5.5 million in the week of February 7.
- Total distillate inventories amounted to 118.5 million barrels, down (7.1%) YoY.
- Distillate production averaged 4.552 million bpd, up 4.5% YoY.
- Demand for distillates averaged 4.599 million bpd in the week, up 20.5% YoY.
-
-
- Natural gas inventories decreased by 174 billion cubic feet last week.
- Total natural gas inventories now amount to 2,397 billion cubic feet, down (7.2%) YoY.

Credit News
High yield bond yields decreased 3bps to 7.12% and spreads decreased 1bps to 286bps. Leveraged loan yields decreased 11bps to 8.63% and spreads decreased 8bps to 466bps. WTD high yield bond returns were positive 18bps, while Leveraged loan returns remained unchanged. 10-year Treasury yield decreased 7bps to 4.44%. Yields and spreads declined as investors absorbed trade headlines, earnings, and active capital markets. 4Q earnings have been solid overall, though guidance has been mixed due to rising uncertainty from trade policy.
High-yield:
Week ended 02/07/2025
- Yields & Spreads1

- Pricing & Returns1

- Fund Flows2

- New Issue2

- Distressed Level (trading in excess of 1,000 bps)2

- Total HY Defaults

1 Source: Credit Suisse High Yield and Leveraged Loan Index
2 Source: JP Morgan
Leveraged loans:
Week ended 02/07/2025
- Yields & Spreads1

- Leveraged Loan Index1

- Fund Flows2

- New Issue2

- Distressed Level (loan price below $80)1

- Total Loan Defaults

Default activity:
- Most recent defaults include: City Brewing ($886mn, 1/2/2025), The Container Store ($163mn, 12/22/2024), Party City ($264mn, 12/21/2024), Hearthside Food Solutions ($2.6bn, 11/22/24), Spirit Airlines ($1.1bn, 11/18/24), Franchise Group Inc ($1.1bn, 11/3/24), Exactech ($254mn, 10/29/24), American Tire Distributors ($975mn, 10/23/24), and Accuride ($291mn, 10/11/2024).
CLOs:
Week ended 02/07/2025
- New U.S. CLO Issuance2

- New U.S. CLO Issuance2

Note:High-yield and leveraged loan yields and spreads are swap-adjusted
1 Source: Credit Suisse High Yield and Leveraged Loan Index
2 Source: JP Morgan
Ratings activity:
- S&P and Moody’s High Yield Ratings

Appendix:
Diagram A: Leveraged Loan Trading Levels

Source: Credit Suisse Leveraged Loan Index
Diagram B: High Yield and Leveraged Loan LTM Price

Diagram C: Leveraged Loan and High Yield Returns



Diagram J: Leveraged Loan Defaults by Sector – Full Year

Diagram L: CLO Economics

Diagram N: Developed Country GovBond Yields (%)

Diagram O: S&P 500 Historical Multiples

Diagram P: U.S. Middle-Market M&A Valuations (EV/EBITDA)

Diagram Q: U.S. Large Cap M&A Valuations (EV/EBITDA

Diagram R: Dry Powder for All Private Equity Buyouts

Diagram S: Structured Credit Spreads

Diagram T: Structured Credit Yield

Diagram U: SOFR CURVE

Diagram V: CMBS Spreads


Freight Rates
Drewry World Container Index

China-Global & Shanghai Export Container Freight Index

U.S. News
-
-
- U.S. inflation increased to 3% in January, with a 0.5% monthly rise – the fastest since August
2023
- Core CPI rose 0.4% from December or 3.3% on a year-over-year basis, both higher than economists expected
- Grocery prices rose 0.5% monthly, driven by a 15.2% surge in egg prices due to avian flu. Categories like gas prices, used cars, airline fares, and insurance also saw notable jumps
-
-
- The producer price index (PPI) rose 0.4% in January, with a 3.5% year-over-year increase, the highest in nearly two years, signaling persistent inflationary pressures
- Core PPI rose 0.3% with a slight dip in the 12-month core rate to 3.4%
- Service costs and food prices continued to rise contributing to sustained inflation
-
-
- Retail sales fell 0.9% month-over-month in January, marking the biggest drop in nearly two years, largely due to reduced consumer spending after the holiday season and severe winter weather
- Auto dealer sales fell 2.8%, online retail fell 1.9%, while sales rose in general merchandise stores and restaurants
- Despite the January dip, 2024 saw solid retail growth which was 4.4% year-over-year with economists viewing the slowdown as a temporary break following strong consumer performance in 2024
-
-
- Initial jobless claims, a measure of how many workers were laid off across the U.S., decreased
to 213,000 in the week ended February 7, down 7,000 from the prior week.
- The four-week moving average was 216,000, down 1000 from the prior week.
- Continuing claims – those filed by workers unemployed for longer than a week – decreased by
36,000 to 1.850 million in the week ended January 31. This figure is reported with a one-week
lag.

-
-
- The Federal Reserve’s assets totaled $6.814 trillion in the week ended February 14, up $2.6
billion from the prior week.
- Treasury holdings totaled $4.266 trillion, down $1.2 billion from the prior week.
- Holdings of mortgage-backed securities (MBS) were $2.22 trillion in the week, down $7.0 billion
from the prior week.

-
-
- Total public debt outstanding was $36.22 trillion as of February 14, an increase of 5.7% from the
previous year.
- Debt held by the public was $28.90 trillion, and intragovernmental holdings were $7.31 trillion.

-
-
-
- The consumer-price index rose 3.0% in January year over year.
- On a monthly basis, the CPI increased 0.5% in January on a seasonally adjusted basis,
after increasing 0.4% in November.
- The index for all items less food and energy (core CPI) rose 0.4% in January, after
rising 0.2% in November.
- Core CPI increased 3.3% for the 12 months ending January.
-
-
-
- The food at home index increased 1.9% in January from the same month a year earlier,
and increased 0.5% in January month over month.
- The food away from home index increased 3.4% in January from the same month a year
earlier, and increased 0.2% in January month over month.
-
-
-
- The energy commodities index increased 1.9% in January after increasing 3.9% in
- The energy commodities index fell (0.5%) over the last 12 months.
- The energy services index rose 1.8% in January after increasing 0.8% in December.
- The energy services index rose 2.5% over the last 12 months.
- The gasoline index fell (0.2%) over the last 12 months.
- The fuel oil index fell (5.3%) over the last 12 months.
- The index for electricity rose 1.9% over the last 12 months.
- The index for natural gas rose 4.9% over the last 12 months.
-
-
-
- Drewry’s composite World Container Index decreased to $3,095.11 per 40ft
- Drewry’s composite World Container Index has decreased by (17.1%) over the last 12
months.
-
-
-
- The shelter index increased 0.4% in January after increasing 0.3% in December.
- The rent index increased 0.4% in January after increasing 0.3% in December.
- The index for lodging away from home increased 3.9% in January after decreasing
(2.1%) in December.
-
-
- The effective Federal Funds Rate is at 4.33%, flat 0.00% year to date.

World News
-
-
- Israel and Hamas resolved a dispute over humanitarian aid, leading to the release of three hostages, though both sides later violated the cease-fire
- Mediators are working to secure the release of more hostages as Gaza faces worsening humanitarian conditions amid ongoing conflict
- Egypt is developing a reconstruction plan for Gaza that ensures Palestinians remain on their land, rejecting Trump’s proposal to relocate them to other countries
- Arab leaders, including Jordan’s King Abdullah, strongly oppose Trump’s plan, while protests in Gaza reflect widespread Palestinian fears of displacement
-
-
- The European Commission will propose changes to fiscal rules allowing EU member states to increase defense spending beyond the 3% of GDP deficit cap, using an “escape clause” under certain conditions
- The EU’s 27 members currently spend a combined 2% of GDP on defense, but European Commission President Ursula von der Leyen stated that this must rise by hundreds of billions of euros annually, aligning with NATO’s push for members to exceed 3% of GDP in defense spending
- Eurozone industrial production fell 1.1% in December, reversing gains from the previous two months and performing worse than the 0.5% decline economists had forecast
- The manufacturing sector faces further challenges in 2025, with a global trade slowdown and potential U.S. tariffs under Donald Trump, while Germany, France, and Italy saw declining output
-
-
- China’s cabinet is focusing on boosting domestic consumption by increasing residents’ incomes and expanding property-related income channels, with upcoming policies expected to address pensions and healthcare
- The government plans to boost foreign capital by promoting reinvestment and expanding the industries open to foreign investment, after a 27.1% drop in foreign direct investment in 2024 following a 8.0% decline in 2023
- Trump’s suspension of the de minimis trade exemption for China imports has disrupted platforms like Shein and Temu, which are now facing delays and price hikes. Shein is pushing suppliers to set up production in Vietnam, while Temu raised prices and is focusing on U.S. based inventory
- Without the exemption, tariffs on goods from Shein and Temu could reach 60%. U.S. consumers might face an average annual cost increase of $136 per household, with Shein and Temu already struggling with thinner margins compared to competitors like Amazon
-
-
- Mexico’s President, Claudia Sheinbaum, warned that U.S. gunmakers could face legal action for complicity in organized crime if the U.S. designates Mexican cartels as terrorist groups, citing that 74% of weapons used by criminal groups in Mexico come from the U.S.
-
-
- Japan will release 231,000 tons of emergency rice stockpiles to combat soaring prices, driven by record heat, distribution issues, and rising demand, marking the first time the government has intervened due to market disruptions
-
-
- The Bank of England (BOE) cut interest rates by 0.25 percentage points to 4.5%, citing slowing economic growth and inflation concerns, while warning that U.S. tariffs could further weaken the global economy. The BOE also lowered its growth forecast for the U.K. economy and expects further rate cuts throughout 2025
-
-
- Hong Kong is filing a WTO complaint against the U.S. tariffs, arguing that the 10% levies imposed on its exports violate WTO rules and undermine its status as a separate customs territory from China. The tariffs were imposed by the Trump administration, and Hong Kong is seeking dispute resolution to defend its trade rights
-
-
- Sudan’s military forces are close to retaking Khartoum from the Rapid Support Forces (RSF) after nearly two years of civil war, with recent victories in Wad Madani and key strategic areas in the capital. The conflict, which has displaced over 12 million people, is a power struggle between Lt. Gen. Abdel Fattah al-Burhan and RSF commander Lt. Gen. Mohamed Hamdan Dagalo
-
-
- A 7.6 magnitude earthquake struck the Caribbean Sea south of the Cayman Islands on February 8, 2025, prompting tsunami alerts in several regions, including Puerto Rico, the Dominican Republic, Cuba, and the U.S. Virgin Islands. While initial warnings urged coastal evacuations, most advisories were later canceled. There were no immediate reports of significant damage
-
-
- India’s central bank (RBI) cut its key policy rate from 6.50% to 6.25%, marking its first rate cut in nearly five years, as the economy slows and inflation cools. The move aligns with India’s efforts to stimulate growth, while also navigating trade tensions with the U.S. under the Trump administration
-
-
- Canada recorded a C$708 million trade surplus in December 2024, driven by a jump in energy exports to the U.S. and a weaker Canadian dollar. The surplus comes amid uncertainty over potential U.S. tariffs, as President Trump threatened a 25% tariff on Canadian imports, prompting Ottawa to consider retaliatory measures
Commodities
-
-
- WTI: $70.96 per barrel
- (2.16%) WoW; (1.06%) YTD; (3.93%) YoY
- Brent: $74.60 per barrel
- (2.81%) WoW; (0.05%) YTD; (5.82%) YoY
-
-
- U.S. oil production amounted to 13.5 million bpd for the week ended January 31, up 0.0 million
bpd from the prior week.
-
-
- The total number of oil rigs amounted to 586, up 4 from last week.
-
-
-
Crude Oil
- Total U.S. crude oil inventories now amount to 423.8 million barrels, down (0.9%) YoY.
- Refiners operated at a capacity utilization rate of 84.5% for the week, up from 83.5%
in the prior week.
- U.S. crude oil imports now amount to 6.448 million barrels per day, down 0.1% YoY.
-
Gasoline
- Retail average regular gasoline prices amounted to $3.14 per gallon in the week of
February 7, down (0.8%) YoY.
- Gasoline prices on the East Coast amounted to $3.13, down (3.0%) YoY.
- Gasoline prices in the Midwest amounted to $3.00, up 0.5% YoY.
- Gasoline prices on the Gulf Coast amounted to $2.81, down (3.5%) YoY.
- Gasoline prices in the Rocky Mountain region amounted to $3.09, up 7.9% YoY.
- Gasoline prices on the West Coast amounted to $4.06, down (1.3%)
- Motor gasoline inventories were up by 2.2 million barrels from the prior week.
- Motor gasoline inventories amounted to 251.1 million barrels, up 0.0% YoY.
- Production of motor gasoline averaged 9.17 million bpd, up 1.7% YoY.
- Demand for motor gasoline amounted to 8.328 million bpd, down (5.4%) YoY.
-
Distillates
- Distillate inventories decreased by -5.5 million in the week of February 7.
- Total distillate inventories amounted to 118.5 million barrels, down (7.1%) YoY.
- Distillate production averaged 4.552 million bpd, up 4.5% YoY.
- Demand for distillates averaged 4.599 million bpd in the week, up 20.5% YoY.
-
-
- Natural gas inventories decreased by 174 billion cubic feet last week.
- Total natural gas inventories now amount to 2,397 billion cubic feet, down (7.2%) YoY.

Credit News
High yield bond yields decreased 3bps to 7.12% and spreads decreased 1bps to 286bps. Leveraged loan yields decreased 11bps to 8.63% and spreads decreased 8bps to 466bps. WTD high yield bond returns were positive 18bps, while Leveraged loan returns remained unchanged. 10-year Treasury yield decreased 7bps to 4.44%. Yields and spreads declined as investors absorbed trade headlines, earnings, and active capital markets. 4Q earnings have been solid overall, though guidance has been mixed due to rising uncertainty from trade policy.
High-yield:
Week ended 02/07/2025
- Yields & Spreads1

- Pricing & Returns1

- Fund Flows2

- New Issue2

- Distressed Level (trading in excess of 1,000 bps)2

- Total HY Defaults

1 Source: Credit Suisse High Yield and Leveraged Loan Index
2 Source: JP Morgan
Leveraged loans:
Week ended 02/07/2025
- Yields & Spreads1

- Leveraged Loan Index1

- Fund Flows2

- New Issue2

- Distressed Level (loan price below $80)1

- Total Loan Defaults

Default activity:
- Most recent defaults include: City Brewing ($886mn, 1/2/2025), The Container Store ($163mn, 12/22/2024), Party City ($264mn, 12/21/2024), Hearthside Food Solutions ($2.6bn, 11/22/24), Spirit Airlines ($1.1bn, 11/18/24), Franchise Group Inc ($1.1bn, 11/3/24), Exactech ($254mn, 10/29/24), American Tire Distributors ($975mn, 10/23/24), and Accuride ($291mn, 10/11/2024).
CLOs:
Week ended 02/07/2025
- New U.S. CLO Issuance2

- New U.S. CLO Issuance2

Note:High-yield and leveraged loan yields and spreads are swap-adjusted
1 Source: Credit Suisse High Yield and Leveraged Loan Index
2 Source: JP Morgan
Ratings activity:
- S&P and Moody’s High Yield Ratings

Appendix:
Diagram A: Leveraged Loan Trading Levels

Source: Credit Suisse Leveraged Loan Index
Diagram B: High Yield and Leveraged Loan LTM Price

Diagram C: Leveraged Loan and High Yield Returns



Diagram J: Leveraged Loan Defaults by Sector – Full Year

Diagram L: CLO Economics

Diagram N: Developed Country GovBond Yields (%)

Diagram O: S&P 500 Historical Multiples

Diagram P: U.S. Middle-Market M&A Valuations (EV/EBITDA)

Diagram Q: U.S. Large Cap M&A Valuations (EV/EBITDA

Diagram R: Dry Powder for All Private Equity Buyouts

Diagram S: Structured Credit Spreads

Diagram T: Structured Credit Yield

Diagram U: SOFR CURVE

Diagram V: CMBS Spreads


Freight Rates
Drewry World Container Index

China-Global & Shanghai Export Container Freight Index
