The Big Picture by John Fekete: Clip Coupons & Carry On

June 2024 – John Fekete, Crescent Capital’s Head of Tradeable Credit, discusses the state of the U.S. economy and the outlook for debt markets.

With high base rates resulting in high-single-digit coupons in credit, investors do not need rate cuts to generate attractive returns.

Looking into the second half of 2024, John takes a look at the state of the U.S. economy and the outlook for debt markets, including:

• Why we believe much of the recent focus on rate cuts is myopic
• The pockets of the market that are experiencing less than rosy sentiment
• Floating rate assets that are in a “sweet spot” for opportunity
• How investors should manage this current environment

Read the full commentary here.