Know More Risk Better, a CreditSights Podcast: Recent Episodes
CreditSights
Deep dives on what is driving the credit markets from the CreditSights analysts covering the markets.
In this final episode of the Know More Risk Better podcast, Winnie Cisar is joined by Zachary Griffiths to discuss the key themes shaping markets in 2026. They examine the evolving Federal Reserve outlook, Treasury yield uncertainty, and the impact of AI-driven investment trends, including growing hyperscaler debt issuance and data center financing activity.
The conversation also explores inflation risks, labor market dynamics, geopolitical developments, and how AI is influencing productivity, financial conditions, and investor sentiment. They assess the implications for credit markets and fixed income investors while reflecting on lessons from the podcast and previewing the upcoming Above the Fray podcast. This episode offers valuable insights into the market forces investors should watch as they navigate an increasingly complex macro environment.
In this episode of the Know More. Risk Better. podcast, Winnie Cisar is joined by Kerry Kantin to discuss the key trends, risks, and opportunities shaping the broadly syndicated loan market. They examine the rebound in loan issuance, the growing divergence between higher- and lower-quality credits, and how AI-related uncertainty is affecting software and technology borrowers.
The conversation also explores refinancing activity, liability management protections, the approaching 2028 maturity wall, and the evolving relationship between private credit and broadly syndicated loans. They assess the rise of AI infrastructure and data center financings, changing CLO dynamics, and the technical factors influencing leveraged finance markets. This episode offers valuable insights into the forces driving loan market performance and the risks and opportunities credit investors should watch in the months ahead.
In this episode of the Know More. Risk Better. podcast, Zachary Griffiths is joined by Cedric Chehab at BMI to discuss the key macroeconomic, geopolitical, and market forces shaping the global outlook. They examine the evolving situation between the US and Iran, the implications of higher oil prices, inflation risks, and how central banks may respond if geopolitical tensions escalate.
The conversation also explores the outlook for the US economy, labor markets, interest rates, the US dollar, and the growing role of AI-driven investment in supporting growth while raising concerns about valuations and potential market excesses. Zach and Cedric further discuss political risk, the 2026 US midterm elections, housing market challenges, and how investors can navigate an increasingly uncertain environment. Tune in for valuable insights into the risks, opportunities, and market dynamics that matter most for investors today.
In this episode of the Know More. Risk Better. podcast, the conversation explores the rapid rise of SpaceX and what its expanding ambitions could mean for investors, credit markets, and the broader technology landscape. Winnie Cisar is joined by Zachary Griffiths and Davis Hebert to discuss SpaceX’s evolution from a rocket company into a business spanning Starlink satellite connectivity, AI infrastructure, and future growth initiatives. They examine the company’s IPO, bond issuance, valuation debate, credit ratings, cash burn concerns, and the role of Elon Musk in shaping its long-term vision.
The conversation also explores potential disruption across telecom and technology markets, the challenges of valuing a company driven by future opportunities, and the key catalysts investors should watch. This episode offers valuable insights into one of the market’s most closely watched companies and the risks and opportunities emerging across AI, connectivity, and space-driven innovation.
In this episode of the Know More. Risk Better. podcast, the discussion examines how resilient economic growth, elevated interest rates, and strong market technicals are shaping the outlook for global credit markets through 2H26 and into 2027. Winnie Cisar is joined by Zachary Griffiths and Logan Miller to assess the impact of evolving Fed and ECB policy expectations, labor market strength, and persistent demand for yield across credit markets.
The conversation explores tight credit spreads, fund flows, duration and sector positioning, and differences between U.S. and European credit dynamics, while also addressing AI-driven market optimism and the key risks that could challenge valuations. Gain timely, macro-driven insights to help investors navigate market uncertainty, assess credit conditions, and identify opportunities across global fixed income and credit markets.
In this episode of the Know More. Risk Better. podcast, the conversation explores how decades of experience across major market cycles are shaping today’s views on macro dynamics, interest rates, and investor behavior. Zachary Griffiths is joined by Mike Schumacher to reflect on key turning points including the 2008 financial crisis and earlier market dislocations, and to discuss how shifting incentives, capital flows, and central bank policies continue to influence market outcomes.
They examine the balance between fundamentals and technicals, the growing role of investor behavior, and the resilience of markets amid geopolitical shocks, alongside the near-term inflationary and longer-term disinflationary impact of AI. The episode delivers a clear, experience-driven perspective to help investors better navigate today’s complex macro and credit environment.
In this episode of the Know More. Risk Better. podcast, the conversation explores how cyclical weakness and structural disruption are reshaping the outlook for European autos and influencing credit markets. Logan Miller is joined by Jim Williamson to discuss the growing impact of Chinese EV competition on market share, margins, and the long-term positioning of European OEMs, alongside lessons from historical US-Japan auto competition.
They examine the divergence between credit and equity signals, the role of protectionism and cost pressures, and how shifting fundamentals could affect investor risk sentiment. The episode delivers a clear, forward-looking perspective to help investors navigate credit positioning in an increasingly complex autos landscape.
In this episode of the Know More. Risk Better. podcast, Winnie Cisar introduces a special episode featuring a replay of CreditSights’ U.S. Special Situations Outlook: LMEs, Litigation and Bankruptcy webinar, exploring how evolving market conditions are shaping stressed and distressed credit dynamics.
Mark Lightner is joined by Winnie Cisar, Jory Eisenberg, Ian Feng, and Patrick Holohan to discuss the market outlook, sector themes, and the growing role of liability management exercises, litigation, and bankruptcy in credit outcomes. They examine defaults, distress trends, and evolving transaction structures, offering practical insights on valuation and positioning. The episode delivers clear, forward-looking perspective to help investors better understand and navigate opportunities in the special situations credit market.
In this episode of the Know More. Risk Better. podcast, the conversation explores how disruption in the Strait of Hormuz is reshaping global trade flows, oil markets, and supply chain resilience, and how these dynamics are influencing market outcomes. Zachary Griffiths is joined by Chiedza Madzima at BMI to discuss the scale of shipping constraints, why oil prices have remained resilient despite logistical strain, and when physical shortages could begin to impact markets.
They examine investor expectations, policy responses, and longer term implications for maritime choke points and supply chain design, offering practical insights on how operational risks translate into market impact. The episode delivers a clear, forward-looking perspective to help investors navigate evolving geopolitical and supply chain risks.
In this episode of the Know More. Risk Better. podcast, the conversation explores the growth, structure, and investment appeal of corporate hybrids, and how evolving market dynamics are shaping their role in issuer capital structures. Logan Miller is joined by Andrew Moulder to discuss the expansion of the hybrid market beyond utilities, the key benefits including higher yields, tax and accounting advantages, and the associated risks such as extension risk and refinancing challenges.
They examine investor demand, market sentiment, and future growth prospects, offering practical insights on valuation and positioning. The episode delivers clear, forward-looking perspective to help investors better understand and navigate opportunities in the hybrid credit market.
Related Resource: Hybrids 101
Explore hybrid bond structures to understand how they blend equity and debt features, shaping both risk exposure and return potential.
Download the presentation: https://know.creditsights.com/hybrids-101-pdf/?utm_campaign=35088676-2026%20-%20Growing%20CreditSights%20Subscribers&utm_source=youtube&utm_medium=social&utm_term=youtube%20gated%20content&utm_content=Hybrids%20101
In this episode of the Know More. Risk Better. podcast, the conversation explores how shifting energy markets, geopolitical developments, and evolving policy dynamics are shaping the outlook for US power and clean energy. Zachary Griffiths is joined by Andy DeVries to discuss the divergence between oil and natural gas prices, the impact of rising data center demand on power markets, and a contrarian view that clean energy tax credits are likely to return.
They examine implications for wind and solar growth, power price trajectories, and investment positioning across utilities and energy assets. The episode delivers practical, forward-looking insight to help investors navigate the evolving energy and power landscape with greater confidence.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths speaks with Matt Woodruff, Head of Aerospace & Defense and Transports, about the evolving dynamics of the U.S. airline industry and the factors reshaping profitability in 2026. They unpack the collapse of Spirit Airlines, examining the pressures facing ultra low cost carriers and the competitive response from major airlines. The discussion explores the impact of rising fuel costs, the growing importance of loyalty programs, and the role of premium demand in a K-shaped economic recovery. They also assess the outlook for consolidation, including potential mergers and strategic positioning across carriers. The episode concludes with insights into balance sheet strength, liquidity trends, and how airlines are navigating cost pressures in a volatile operating environment. Listen now for expert perspectives on aviation sector risks and credit implications.
In this episode of the Know More. Risk Better. podcast, the conversation unpacks how shifting rate expectations, geopolitical uncertainty, and evolving market dynamics are shaping the leveraged loan market. Winnie Cisar is joined by Kerry Kantin to discuss the sharp shift in market sentiment, slowing issuance, and the challenges facing refinancing and deal timing amid volatility. They explore the rise of AI infrastructure and data center financing, changing dynamics between loan and high yield markets, and the evolving relationship with private credit. The episode delivers timely insight to help investors better navigate today’s complex leveraged finance landscape with greater confidence.
In this episode of the Know More. Risk Better. podcast, host Logan Miller speaks with Anwita Basu, Head of Country Risk for Europe at BMI, about Europe’s macro outlook, geopolitical pressures, and evolving credit risks in 2026. They discuss how repeated crises have reshaped Europe’s strategic priorities, from energy transition and defense spending to fiscal coordination and competitiveness. The conversation examines the impact of Middle East tensions on energy prices, Europe’s role as a price taker, and the risk of prolonged stagflation amid weak demand and higher-for-longer interest rates. They also explore Germany’s expansionary fiscal stance, housing market pressures, and divergent policy responses across the region. The episode concludes with insights on geopolitical volatility, US-Europe transmission risks, and what investors are watching next. Listen now for expert perspectives on European credit conditions and macro risk dynamics.
In this episode of the Know More. Risk Better. podcast, the conversation unpacks how global macro volatility, geopolitical tensions, and private credit risk are shaping today’s fixed income markets, with a strong focus on Asia. Zachary Griffiths is joined by Zerlina Zeng to discuss the impact of Middle East conflict on energy prices and yields, evolving investor behavior in Korea and China, and shifting allocations between US assets, local rates, equities, and alternatives. They explore private credit exposure, tight credit spreads, US rate uncertainty, and the growing influence of AI on market dynamics and investment workflows. The episode delivers timely, regionally grounded insight to help investors better navigate global credit markets with confidence.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths is joined by Peter Simon, Head of US Banks, and Simon Adamson, Head of European Banks, to examine rising investor concerns around private credit and bank exposure. They explore whether current risks echo 2008, discussing regulatory changes, capital strength, and why a systemic crisis appears unlikely. The conversation analyzes how banks lend to private credit funds, BDCs, and business credit intermediaries, focusing on structure, collateral, and capital impact. They also assess market pricing signals, default risk, and exposure metrics such as total loans and CET1 capital. The episode compares US and European bank exposure, highlights regulatory scrutiny, and addresses software and AI-related credit concerns. It concludes with insights on monitoring private credit risk without losing sight of broader bank fundamentals. Listen now for a clear, data-driven view of private credit and bank risk across global markets and evolving credit cycles in 2026 and investor positioning.
In this episode of the Know More. Risk Better. podcast, the discussion unpacks the mechanics, growth, and practical use of fixed income ETFs in today’s credit markets. Winnie Cisar is joined by Pat Luby for an ETF 101 conversation covering why ETFs have gained traction, how fund flows and price discovery work, and the roles of liquidity, tax efficiency, and authorized participants. They examine primary versus secondary markets, the expanding ETF universe across credit sectors, and how investors use ETFs for hedging, portfolio construction, and tactical positioning. The episode also explores active versus passive strategies and why ETFs influence bond liquidity and trading behavior. Gain clear, actionable insights to better understand and apply ETFs in fixed income investing.
Related Resource: US COTD: Fund Flows as of Apr 8, '26 & ETF Podcast
Discover US ETF Fund Flows as investor allocations shift across fixed income, credit sectors and bond ETFs amid volatile market conditions.
Read the full article here: https://know.creditsights.com/insights...
In this episode of the Know More. Risk Better. podcast, the discussion examines how geopolitical risk, private credit stress, and AI‑driven uncertainty are reshaping global credit markets in 2026. Winnie Cisar is joined by Zachary Griffiths and Logan Miller to assess the market impact of the Iran conflict, rising energy prices, and heightened scrutiny on private credit and BDCs. The conversation explores sharp repricing in rates, evolving central bank expectations, and differences between U.S. and European credit dynamics, while also addressing AI‑related investment risks and labor market implications. Gain timely, macro‑driven insights to help investors navigate volatility, assess credit conditions, and identify opportunities across rates and credit markets.
In this episode of the Know More. Risk Better. podcast, the discussion explores whether private credit is facing a true turning point or moving through a cyclical reset amid rising scrutiny, BDC redemptions, and shifting return expectations. Winnie Cisar is joined by Andrew Hedlund and Zachary Griffiths to unpack recent stress in private credit markets, the role of software and AI‑related concerns, and how deal flow, valuations, and underwriting standards are evolving. The conversation also examines the implications for public credit markets, bank and insurance exposure, and what investors should monitor to assess broader systemic risk. Gain timely, market‑driven perspectives to help investors better evaluate private credit dynamics shaping fixed income and leveraged finance conditions.
In this episode of the Know More. Risk Better. podcast, the discussion examines critical developments reshaping the bankruptcy and restructuring landscape in Q1 2026, including liability management exercises, contested Chapter 11 cases, and evolving legal standards for third-party releases. Patrick Holohan, Mark Lightner, and Ian Feng from CreditSights are joined by Raff Ferraioli of Morrison & Foerster and Marc Heimowitz of Creditor Rights Coalition to break down key cases ranging from Office Properties Income Trust's $135 million OID settlement to Multicolor's venue battle and contested DIP facility, plus Serta Simmons' ongoing damages trial. The conversation also explores highlights from the Creditor Rights Coalition symposium at NYU tracking 46 potential LMEs, fraud concerns including double-pledging issues, convergence of private credit and BSL markets, anti-cooperation provision developments, and the strategic whack-a-mole game between sponsor tactics and creditor protective blockers. Gain practical, expert perspectives to help investors and practitioners better assess restructuring risks, litigation outcomes, and positioning in today's complex credit environment.
In this episode of the Know More. Risk Better. podcast, the discussion explores how the U.S. labor market is evolving amid slowing job growth, persistent low‑hire, low‑fire dynamics, and rising uncertainty tied to AI, geopolitics, and policy. Zachary Griffiths and Laura Ullrich break down recent nonfarm payrolls data, sector imbalances driven by healthcare, and growing challenges for job seekers despite low unemployment. The conversation also examines how AI is reshaping hiring patterns, especially in tech, the risk of a timing mismatch between AI investment and labor demand, and insights from job posting data on entry‑level roles. Gain timely, data‑driven perspectives to help investors better assess labor market signals shaping credit and macro risk.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths speaks with Andrew Brady, Head of US Basic Industries, Andy Belton, Head of European Basic Industries, and Peter Agra, Managing Editor for Secondary Markets at LevFin Insights, about the embattled chemicals sector navigating multiple headwinds in 2026. They dive deep into the Middle East conflict's impact, analyzing how oil price spikes and supply disruptions are creating feedstock cost mismatches and the credit implications for US versus European producers. The conversation explores the structural challenges facing European chemicals, with persistent oversupply requiring 800,000 tons of PVC capacity closures and companies like INEOS Group and Quattro trading at distressed levels amid 2027 maturity concerns. They also discuss the Bayer-Monsanto litigation saga, examining the Supreme Court case, proposed settlement structure, and Trump administration's glyphosate defense exemption reshaping risk premiums. The episode concludes with insights on investor rotation from software into cyclical chemicals exposure, including the limited impact of Germany's $500 billion infrastructure package and secondary market dynamics. Listen now to gain expert perspectives on chemicals sector credit views and strategic positioning opportunities amid unprecedented volatility.
In this episode of the Know More. Risk Better. podcast, host Logan Miller speaks with Mihir Trivedi, Senior Analyst for European Transportation, about the fast-moving Middle East conflict and its implications for global aviation and European credit. They explain why Middle Eastern airspace is a critical corridor linking Europe and North America to Asia, and how widespread airspace closures and airport disruptions have triggered mass cancellations, longer reroutings, and higher operating costs that are ultimately passed through to consumers. The discussion covers near-term demand effects, including weaker passenger numbers, deferred business travel, and reduced load factors, alongside medium-term implications such as higher airfares, capacity being redirected to other routes like the transatlantic market, and a potential shift toward more direct ultra long-haul flights. They also assess financial pressure points for airlines, focusing on jet fuel as the largest cost line, the importance of hedging into 2026, and how fleet efficiency can create winners and losers as disruptions extend. The episode concludes with relative value views across airports and airlines, highlighting Heathrow’s constraints and exposure versus more defensive alternatives, and reiterating a preference for higher-quality balance sheets in the airline space.
In this episode of the Know More. Risk Better. podcast, host Winnie Cisar, Global Head of Strategy at CreditSights, speaks with Peter Simon, Head of U.S. Banks, and Iris Shi, Senior Banks Analyst, about the state of the US consumer in 2026. They tackle the disconnect between negative consumer sentiment headlines and the more constructive narrative from bank earnings. The discussion explores key data points supporting consumer health, including low unemployment in the mid-4% range, elevated consumer balance sheets up 30-40% since pre-COVID, and stable payment rates. They analyze credit quality trends, examining how improved lending vintages from 2023 onwards are driving stabilization through early 2026. The conversation delves into spending dynamics, revealing mid-single-digit purchase volume growth and bifurcation across income tiers, with American Express showing strength in travel and luxury while Synchrony sees weakness in furniture and home improvement. They dissect the student loan situation, analyzing the sharp rise to 9.6% delinquency in December 2025, Trump administration reforms under the One Big Beautiful Bill Act, and why contagion risk to other consumer lending categories remains limited. The episode concludes with underappreciated risks, including generational dynamics affecting Gen Z borrowers and regulatory proposals like the 10% credit card interest rate cap. Listen now to gain expert perspectives on consumer credit positioning opportunities for 2026.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths speaks with Regis Chatellier, Head of Emerging Market Sovereign Strategy at CreditSights, and Lauren Gilbert, Senior Political Science Analyst at GeoQuant, about the escalating situation in Iran and its global market implications. They analyze the aftermath of January 2026 protests, examining GeoQuant's proprietary political risk models showing elevated risk comparable to 2019-2020 levels. The conversation explores the tail risk of a Strait of Hormuz blockade and its potential impact on oil prices, with countries like Iraq, Kuwait, and Qatar facing significant export disruptions. They discuss the Trump administration's unpredictability following the Venezuela intervention, ongoing US-Iran nuclear talks, and military asset positioning in the region. The episode examines Iran's critical role supplying oil and drones to Russia and China, while sovereign spreads trade at their tightest levels since 2007 despite geopolitical risks. They conclude with investment recommendations, highlighting opportunities in Latin America, Morocco, and Dominican Republic, while expressing caution on Turkey and Asia. Listen now to gain expert perspectives on emerging market credit positioning amid heightened geopolitical uncertainty in 2026.
In this episode of the Know More. Risk Better. podcast, the discussion explores how Asian investors are navigating global credit markets amid volatile US rates, shifting macro expectations, and rapid AI-driven investment. Zachary Griffiths and Zerlina Zhang unpack key takeaways from Zerlina’s recent roadshow across Greater China and Taiwan, covering investor sentiment on Fed policy and US growth, yield-seeking behavior, private credit contagion risks, AI capex trends, Japan’s fiscal outlook and JGB volatility, and the growing appeal of Asia local currency bonds, particularly Australian dollar debt. Gain timely, on-the-ground insights to help investors better assess cross-market risks and identify opportunities in an increasingly uncertain global environment.
In this episode of the Know More. Risk Better. podcast, host Logan Miller speaks with Mary Pollock, Head of Real Estate, about the European real estate sector's outlook for 2026. They explore the current stage of the recovery cycle, noting that commercial real estate valuations reached their trough in mid-2024 and are now in early recovery phase, though slower than post-GFC. The conversation examines subsector dynamics, with offices remaining the most challenged while residential and logistics show strength. Mary discusses the impact of rising government bond yields—with 10-year bunds up nearly 80 basis points to 2.85%—and how this affects fundraising and valuations despite improved rate stability. They analyze the critical shift in capital allocation, as companies move from defense mode to investment and shareholder returns, including share buybacks at Vonovia, Bouwinvest, and Aroundtown. The discussion covers primary market strength, with riskier crossover names and hybrids seeing strong reception and minimal new issue concession. Mary outlines her cautious outlook on credit metrics, expecting flat-to-higher LTVs and weaker interest coverage ratios due to refinancing legacy low-cost debt. The episode concludes with positioning recommendations, favoring the 5-7 year maturity bucket and specific outperforms including Heimstad Boesdad, VGP, and Blackstone Property Partners Europe, while cautioning on Austria. Listen now to gain expert perspectives on European real estate credit strategy for 2026.
In this episode of the Know More. Risk Better. podcast, host Winnie Cisar, Global Head of Strategy at CreditSights, speaks with Todd Duvick, Head of Autos, and Jim Williamson, Senior Autos Analyst covering Europe, about the global automotive sector outlook for 2026. They explore vehicle sales forecasts, with both US and Europe expecting flat to slightly higher volumes around 16 million units, constrained by affordability despite lower interest rates and new tax deductions. The conversation examines the deregulation wave, including Europe's pullback from the 2035 EV-only deadline to a 90% emissions reduction target and the US removal of consumer EV tax credits, saving GM $750 million annually. They analyze Chinese competition dynamics, with BYD's potential US manufacturing and government interventions to stabilize pricing. The discussion covers margin trajectories, with single-digit operating margins becoming the new normal, offset by declining capex as the investment super cycle ends. They also address credit rating outlooks, highlighting Ford's fallen angel risk, Honda's margin challenges, and Renault as a rising star candidate. The episode concludes with investment recommendations: VW senior bonds for Europe and Ford for tactical opportunities. Listen now for expert insights on automotive credit positioning.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths speaks with Hunter Martin, Head of Media and Cable, and Davis Hebert, Co-Head of High Yield Research and TMT, about the evolving media landscape and M&A activity in 2026. They dive deep into the Warner Brothers Discovery saga, analyzing Netflix's $83 billion bid versus Paramount's competing all-cash offer and the credit implications for bondholders. The conversation explores the broader consolidation wave in cable networks, with companies like Versant trading at four times EBITDA and the potential for private equity involvement. They also discuss the sports landscape, examining cord cutting trends, YouTube TV's new skinny bundles, and how NFL and NBA rights are reshaping the pay TV ecosystem. The episode concludes with insights on broadcast TV deregulation, including the Nexstar-Tegna merger and its impact on the high yield market. Listen now to gain expert perspectives on media sector credit views and strategic positioning opportunities for 2026.
In this episode of the Know More. Risk Better. podcast, host Winnie Cisar speaks with Matt Woodruff about the outlook for aviation, defense, and transportation as markets face a challenging start to the year. They discuss airline demand, pricing pressures, and the future of loyalty programs, as well as aircraft supply chain issues, lessor trends, and industry consolidation. The conversation then shifts to defense spending and geopolitical risks that could shape credit markets. The episode concludes with insights on rail M&A and its implications for investors. Listen now to gain sector-specific credit views and strategic ideas to position your portfolio for 2026.
Kicking off our first episode of 2026, Know More. Risk Better. explores the political and economic fallout following the capture of Venezuelan President Nicolas Maduro, examining scenarios for regime change, US intervention, and market reactions. Zachary Griffiths and Conor Beakey dive into Venezuela’s oil sector challenges, sanctions relief prospects, and the broader implications of US policy in Latin America, including risks to regional stability and historical context for interventions. Gain timely analysis and actionable insights for investors seeking to understand evolving geopolitical risks and opportunities in emerging markets.
This week on "Know More. Risk Better." features host Winnie Cisar, global head of strategy at CreditSights, and Zachary Griffiths, Head of IG & Macro Strategy, as they reflect on a turbulent 2025 in US credit markets and preview the landscape for 2026. The conversation dives into defining moments of the year, lessons learned, and the persistent impact of technicals and liquidity on market resilience.
Winnie and Zach tackle the complexities of forecasting interest rates, the impact of monetary policy surprises, and the effects of tariffs and trade policy on investment grade corporates, while debating new issue supply, the dynamics between high yield and broadly syndicated loans, and looming refinancing risks. Additional highlights include a candid lightning round on private credit, covenant quality, and AI CapEx, as well as a discussion on the importance of risk assessment and the paradigm shift in market behavior post-pandemic. This episode offers key insights for navigating a complex, late-cycle credit environment heading into 2026.
Season 9, Episode 22
This week on "Know More. Risk Better." features host Winnie Cisar along with Mark Lightner, for a comprehensive review of the 2026 Special Situations Outlook. The conversation examines the liability management transaction landscape, highlighting how creditor-on-creditor dynamics remained largely unchanged in 2025 despite the landmark Serta decision.
The team explores the emerging antitrust challenge to creditor cooperation agreements, with two recent lawsuits (Selecta and Altice USA) alleging federal antitrust violations and seeking treble damages. Lightner discusses why this represents "the most important issue going into 2026" and how it could fundamentally alter the collaborative approach to restructurings. The discussion also covers the high-stakes Monsanto litigation heading to the Supreme Court, which could determine whether the $40 billion debt company faces bankruptcy over Roundup-related claims.
Season 9, Episode 21
This week on "Know More. Risk Better." features host Zachary Griffiths along with Andy DeVries, for a data center deep dive following the Edison Electric Institute investor conference. The conversation examines the supply-demand disconnect in data center capacity, with utilities committing to approximately 100 gigawatts of new capacity by 2030 against third-party estimates indicating only 50 gigawatts of actual demand.
The team explores the rate payer protections utilities are implementing to mitigate overbuild risk, counterparty concerns when data centers move off balance sheet into special purpose vehicles, and credit quality implications across the sector. DeVries also discusses why independent power producers like Vistra may be better positioned than traditional utilities, and the potential for political intervention in capacity markets as electricity bills become a midterm election issue.
This week “Know More. Risk Better.” delivers a comprehensive 2026 Global Strategy Outlook, featuring expert analysis across US, European, Emerging Markets, and APAC credit sectors. CreditSights Global Strategy team opens with a review of macro and policy trends, including US growth slowdown, Fed rate cut trajectory, proactive ECB action, and regional fiscal stimulus. Speakers examine credit fundamentals, spread forecasts, and sector performance, highlighting drivers such as labor market fragility, tariff volatility, and AI-driven issuance.
The team discusses implications for investment grade, high yield, and leveraged finance, as well as EM sovereign and local currency bonds, outlining risks and opportunities for investors. Best practices in sector allocation, quality bias, and diversification are emphasized as the market navigates technical shifts, supply pressures, and evolving global risks. Panelists conclude with actionable insights and 2026 “bingo card” scenarios, stressing the importance of fundamentals, positioning, and agility for credit market participants.
This week on "Know More. Risk Better." brings together hosts Winnie Cisar and Zachary Griffiths along with Peter Simon, Todd Duvick, and Jory Eisenberg for an "Autos Mythbuster" edition examining auto loan performance, consumer credit health, and whether rising repossession rates signal broader systemic risk. The team explores the bifurcation in consumer credit by income tier, the backward-looking nature of current delinquency and repo data, and why 2022 vintage loans have proven particularly problematic due to aggressive post-COVID origination, elevated vehicle prices, and deteriorating affordability for lower-income consumers.
Peter and Todd discuss diverging trends at CarMax and Carvana, regional variations in auto loan performance, and the impact of extraordinary vehicle price depreciation on underwater loans. The team analyzes new and used car affordability challenges, tariff impacts on vehicle pricing, Ford and GM's profit-driven strategies, and the stabilization of competitive dynamics in the auto sector. They examine the ABS market's role in auto lending, loan-to-value considerations, and the minimal exposure of larger banks to subprime auto risk. This insightful discussion provides valuable context for credit analysts, investors, and market participants seeking to understand consumer credit trends, auto sector dynamics, and risk management in today's economy.
This week on "Know More. Risk Better." brings together host Logan Miller along with Luke Millar for a comprehensive analysis of the European leveraged finance landscape, examining 2025 market performance, primary market dynamics, and the outlook for 2026. The discussion covers record issuance volumes driven by refinancing, sector performance in chemicals and energy, and increased dividend recap transactions due to muted LBO activity.
Logan and Luke examine widening triple C spreads, recent market disruptions affecting sentiment, and the impact of high first-call premiums on refinancing. They also assess CLO demand via warehouse data, potential growth in M&A and sponsor activity, and Europe’s capacity for large LBOs post-EA deal. Additional topics include the 2026-2028 maturity wall, US firms issuing in euros for cheaper funding (reverse Yankees), and the rise of private credit as a significant capital source. This essential discussion provides strategic insights to navigate refinancing waves, re-leveraging trends, and capital structure optimization in today's complex European credit markets.
This week on “Know More. Risk Better.” brings together host Zachary Griffiths along with Barry Eichengreen and Cedric Chehab for a deep dive into the parallels and differences between the Roaring Twenties, the Great Depression, and today’s global financial landscape. The panel explores historical market booms, the impact of new technologies, fiscal dominance, and political polarization, drawing comparisons with current risks and central bank responses.
Barry and Cedric discuss the structural constraints of the gold standard, lessons from banking crises, and the evolving role of non-bank financial systems. They analyze deflation risks, the future of the US dollar, and the rise of gold in central banks’ portfolios, highlighting ongoing challenges for policymakers and investors. This insightful discussion provides valuable context for professionals and market participants seeking to understand macroeconomic trends, global finance, and risk management in today’s interconnected world.
This week on “Know More. Risk Better.” Zachary Griffiths is joined by Peter Simon and Meghan Neenan to unpack the latest “cockroach risk” headlines in U.S. capital markets, following bankruptcies at Tricolor and First Brands. The team analyzes credit quality trends for regional banks and BDCs, finding that fundamentals remain solid and recent losses are idiosyncratic, not symptomatic of broader stress.
Meghan highlights differentiation across BDCs, notes that exposures to recent bankruptcies were minimal and mainly linked to broadly syndicated loans, not private credit. The discussion explores leverage, dividend management as rates fall, and a looming 2026 maturity wall. The team flags growing liquidity and suitability risks as perpetual BDCs and private asset vehicles expand and touches on the increasing interconnectedness between banks and non-bank lenders.
Season 9, Episode 15
This week "Know More. Risk Better." offers a comprehensive macro outlook for 2026, examining how private sector adaptation and fiscal stimulus helped mitigate 2025's tariff shocks while exploring key takeaways from recent IMF meetings - including cautious relief on trade impacts, excitement about AI-driven capex, and concerns about equity valuations and labor market weakness. The discussion navigates critical tensions facing policymakers, particularly the Fed's challenge balancing conflicting inflation and employment signals, debates over tariff pass-through to consumer prices, and questions about AI investment sustainability amid uncertain returns.
The panel analyzes market-macro disconnects as equities rally despite mounting headwinds, assesses German fiscal expansion's potential boost to European growth, and highlights China's structural vulnerabilities beneath headline GDP figures, including collapsing fixed asset investment and persistent deflation. The episode concludes with contrarian takes for 2026: potential dollar strength despite bearish consensus, heightened China macro risks, and fundamentals returning to credit markets after a technically-driven year, providing essential perspective for navigating policy uncertainty and evolving global risks.
Season 9, Episode 14
This week “Know More. Risk Better.” offers a focused analysis on the SEC’s potential shift from quarterly to semiannual reporting, highlighting legal, covenant, and credit market impacts as the change is considered for US issuers. The panel begins with an overview of the SEC rulemaking process and regulatory drivers, then explores practical and legal challenges, such as disclosure consistency, litigation risks, and the continued role of anti-fraud obligations. Covenant experts review implications for bond and loan agreements, noting that most public company covenants defer to SEC requirements, while sponsor and private deals often maintain stricter quarterly reporting regardless of regulatory changes.
The discussion also examines market dynamics, including investor pressure for timely updates, impacts on spreads and volatility, and possible changes in management communication strategies. The team assesses how reduced reporting frequency may influence market structure, sell-side research, liquidity, and ETF rebalancing, emphasizing the importance of best practices for consistent material event disclosures. Panelists conclude that while the rule change may require a gradual adjustment period, actual market impacts will depend on issuer fundamentals, covenant language, and evolving investor expectations.
Season 9, Episode 13
This week on “Know More. Risk Better.” Zachary Griffiths sits down with Hunter Martin and Kerry Kantin to break down the largest LBO on record: EA’s $55 billion take-private deal. The team unpacks the investor consortium behind the transaction, led by Saudi Arabia’s Public Investment Fund, explores why the equity check is unusually large, and analyzes the implications for EA’s balance sheet, leverage, and outstanding bonds.
They discuss deal timing, with early 2026 targeted for closing, and regulatory hurdles including antitrust and national security reviews. The conversation expands to current market conditions, expectations for future LBO activity, and the impact of elevated rates and AI-driven growth on deal making. Listen for clear takeaways on base case scenarios, market probabilities, and positioning around legal and macro catalysts that could influence spreads and sector performance.
Season 9, Episode 12
This extended episode provides a comprehensive outlook across US, Euro, EM, and APAC credit markets as we head into 4Q25 and 2026. In US Credit Markets, the team sets an updated macro outlook and credit strategy, flags key trends shaping sovereign and corporate credit, and identifies the risk factors and market catalysts to watch. In Euro Credit Markets, they review sovereign and credit fundamentals, assess sector developments and potential issuer themes, and discuss the implications of policy and macro shifts across the region. For Emerging Market Sovereigns, they share the latest perspectives on EM credit risk and performance, highlight regional and country-specific views, and outline approaches to navigating volatility in global EM credit. In APAC Credit Markets, they examine risk factors and market catalysts, provide the latest read on APAC EM credit risk and performance, and review sovereign and corporate credit fundamentals across the region.
Special Edition Podcast Mini Series: 25 for 25: E5
In the finale of our 25 for 25 series, Winnie Cisar and Zachary Griffiths host CreditSights Co-Heads Erin Lyons and Matt Zloto to explore the future of credit research. They discuss AI’s role in improving efficiency and expanding coverage, the rise of private credit and related regulatory implications, and why people-powered insights and skeptical analysis still matter - plus how CreditSights is investing in talent and purpose-built tools to cut through noise and deliver actionable ideas.
Special Edition Podcast Mini Series: 25 for 25: E4
Winnie Cisar and Zachary Griffiths host a special 25th anniversary roundtable with Tony Canale, Luke Millar, Andrew Maier, and Beau Kuhn exploring how collaboration across the CreditSights and wider Fitch family creates investor advantage. They break down how news flow from LFI, covenant insights from Covenant Review, fundamental analysis from CreditSights, and data standardization from Bixby combine to deliver what Beau calls "the power of three plus data and analytics."
Expect candid insights on how human expertise remains the essential differentiator in an increasingly data-driven world, plus a preview of future innovations including enhanced primary transaction coverage, European BSL market expansion, and AI-powered trade idea generation that will further integrate the "technicolor picture" these complementary businesses create together.
Season 9, Episode 11
This week on “Know More. Risk Better.” Logan Miller sits down with Mariya Nurgaziyeva, CFA and Amarveer Singh to decode a mixed European consumer backdrop with real credit implications. They unpack why personal consumption is lagging other growth drivers, what a pause in ECB cuts and softening labor markets mean, and how country-specific pressures in Germany, France, and the UK are filtering into earnings and spreads.
Then they tackle tariffs and input costs - who’s truly exposed (spirits and luxury), why the hit has been more manageable than feared, and how mitigation via cost cuts, pass-throughs, and near-shoring is playing out. They map commodity pressures (vegetable oils, cocoa, coffee, dairy, beef, poultry), the surge in private label as volumes flag, and where pricing power still holds - like coffee.
Expect clear takeaways on what’s driving consumer sentiment, base cases versus market worries, and how to position around sector and country catalysts that could move spreads—whether they widen on cost shocks or keep grinding tighter on defensives and experience-led demand.
Special Edition Podcast Mini Series: 25 for 25: E3
Host Winnie Cisar (Global Head of Strategy) is joined by Andy DeVries (Head of US Investment Grade; Head of Utilities), Eric Axon (Co-Head of High Yield; Head of Healthcare), and Mary Pollock (Head of Real Estate) to discuss the art and science of credit analysis.
The conversation centers on turning information into decisions by blending quantitative analysis with qualitative judgment. Andy DeVries illustrates how sector data can inform relative value views. Eric Axon emphasizes a process-first approach that starts with the numbers before incorporating management behavior and industry context. Mary Pollock underscores the importance of governance, incentives, and disclosure - using company materials and past actions to test narratives - and how real-world inflection points refine instincts over time. The team also share approaches for developing junior talent, filtering noise during busy news cycles, gauging consensus, and recognizing potential turning points - balancing art and science to produce clear, actionable credit recommendations.
Season 9, Episode 10
This week on “Know More. Risk Better.” Winnie Cisar sits down with Mark Lightner to decode a whirlwind legal backdrop with real market stakes. They break down the Lisa Cook case - what a last-minute appellate decision could mean for Fed independence, who’s in the room for the next rate call, and how today’s legal signals shape the FOMC’s 2026 lineup.
Then they tackle the Supreme Court’s fast-track review of IEEPA tariffs - what the justices will decide, why non-delegation matters, and how a reversal could ripple through refunds, trade deals, and positioning. Finally, they map the broader playbook of government intervention - from agency pressure and funding leverage to DOJ lawsuits - and how it’s hitting sectors differently.
Expect clear takeaways on timelines, base cases versus market expectations, and how to position around legal catalysts that could move spreads - whether they break wider or keep grinding tighter.
(Please note, this podcast was recorded on Monday, September 15 at 4.30pm EDT)
Special Edition Podcast Mini Series: 25 for 25: E2
Hosts Winnie Cisar (Global Head of Strategy) and Zachary Griffiths, CFA (Head of US IG & Macro Strategy) are joined by Chris Snow (Global Head of Research), Pramod Shenoi (Head of Asia Pacific Research; Head of Financials, APAC), Brian Studioso (Head of Research, Europe) to discuss navigating credit crises.
The conversation explores how experience and disciplined analysis shape CreditSights’ response to market shocks - from the Global Financial Crisis and COVID-19, to policy-driven volatility. The team weighs speed-to-market versus quality, emphasizes management quality and disclosure, and examines liquidity dynamics (“sell what you can”). They discuss calling market bottoms by tracking cross-segment flows, maintaining risk/reward discipline when spreads are tight, and leveraging global client engagement and teamwork to build resilience and deliver trusted, actionable research.
Season 9, Episode 09This week on “Know More. Risk Better.” Zachary Griffiths interviews Winnie Cisar on the real state of the U.S. consumer and what it means for credit into 2026. They cut through mixed signals - solid balance sheets vs. sticker shock on everyday items like Chick-fil-A, rising car payments, and a cooling jobs market - to explain how spending, inflation, and policy expectations are shaping spreads.
Winnie lays out why payroll weakness hasn’t cracked credit, how market cash and technicals are cushioning moves, and what could finally shift sentiment. Expect clear takeaways on positioning, risks to watch, and the scenarios that might push spreads wider - or let them grind tighter.
Special Edition Podcast Mini Series: 25 for 25: E1
Hosts Winnie Cisar (Global Head of Strategy) and Zachary Griffiths, CFA (Head of US IG & Macro Strategy) sit down with European veterans Simon Adamson (Head of European Financials), Andy Belton (Head of European Basics & Infrastructure), and Andrew Moulder (Head of European Utilities) to explore the origins and evolution of independent credit research at CreditSights.
The conversation revisits the founding vision, the launch of our London office, and defining moments from the Global Financial Crisis. The team discusses why cash flow analysis remains core, how relative value migrated from CDS to bonds, and the rise of complex instruments like hybrids and bank bail-in capital. They also dig into client engagement and reverse inquiry (including early work on Icelandic banks), and how European banks, utilities, and infrastructure credit have transformed over two decades.
Season 9, Episode 08This week on “Know More. Risk Better.” Winnie Cisar goes global with Zerlina Zeng, CreditSights’ Head of APAC Credit Strategy, fresh from meetings in Taipei and Hong Kong. They break down how Asian lifers, bank treasuries, private banks, and hedge funds are positioning across USD, EUR, and local markets.
Topics: cash-rich backdrops, high funding costs, tight spreads, and why investors prefer duration over credit risk; Fed cuts, long-end Treasuries, and curve steepening; USD vs. AUD/SGD/CNH flows and hedging costs; crowded trades in DM financials and GCC banks; two-way risk in Japanese lifers’ debt; China macro, property overhang, and selective HY’s comeback. Plus, what to expect in Asia ex-Japan supply versus heavier Japan/Australia issuance—and why not to chase every new deal.
A timely field report on how Asia’s positioning is shaping global credit and FX. Tune in for practical takeaways on duration, sectors, FX, and liquidity.
Season 9, Episode 07
This week on the “Know More. Risk Better.” podcast, host Winnie Cisar brings together CreditSights’ dream team—Andy DeVries, Jordan Chalfin, Andy Li, and Erick Vega—for an energetic roundtable on all things AI, data centers, and the infrastructure boom reshaping the tech landscape. The team tackles the hyperscaler spending spree, the race to build out data centers, and the unprecedented electricity demand that’s shaking up the utilities sector.Winnie and her guests debate whether we’re headed for overbuild or opportunity, share insights on how private credit is fueling the AI gold rush, and weigh in on risks—from identity theft to supply chain hiccups. They break down the impact of AI on jobs, discuss the shifting roles of tech and utility players, and highlight the weak links and hidden challenges in the AI value chain. With practical takeaways, candid analysis, and predictions for the next 12–18 months, this episode is a must-listen for anyone tracking AI, data infrastructure, utilities, or the future of work.If you’re following the AI arms race, data center development, or the quest to power the digital economy, tune in for expert perspectives and lively debate from the front lines.
Season 9, Episode 06
This week on the “Know More. Risk Better.” podcast, host Zach Griffiths welcomes Peter Simon, Co-Head of U.S. Financials, and Rick Gambs, Head of U.S. Prudential Regulatory Policy at Citi, for a deep dive into the evolving landscape of U.S. bank regulation. Zach, Peter, and Rick unpack the latest developments from the Fed’s integrated review of the capital framework, debate whether recent moves signal true deregulation or a recalibration of stringent standards, and discuss the real-world impact of leverage ratio reforms. The trio explores how regulatory tweaks may affect banks’ ability to intermediate in the Treasury market, the shifting role of non-bank financials and private credit, and what stablecoin legislation could mean for large institutions. With fresh insights from inside the regulatory trenches, they share practical takeaways for investors and industry watchers navigating a complex, fast-changing environment. If you’re tracking bank risk, regulatory trends, or emerging forces like crypto and private credit, tune in for candid analysis and timely perspectives from the front lines.
Season 9, Episode 06
This week on the "Know More. Risk Better" podcast, Logan Miller, Head of European Strategy, is joined by Jim Williamson, Head of European Autos Research, for a deep dive into the European auto sector. Logan and Jim unpack everything from Q2 earnings surprises to the latest EU-US tariff agreement, revealing what it means for margins, credit spreads, and investor positioning. They share their views on which OEMs are best positioned to weather the trade war, how cost-cutting and localization strategies are reshaping the industry, and why the sector’s balance sheet strength still matters. If you’re following European credit, global trade, or just want to know which auto names are set to outperform, tune in for sharp analysis, sector picks, and practical takeaways for credit investors.
Find this episode on YouTube: https://www.youtube.com/watch?v=qVrDhLqKJWM
Season 9, Episode 04
This week on the "Know More. Risk Better" podcast, Winnie Cisar, Global Head of Strategy, sits down with Pat Luby, Head of Municipal Strategy and resident ETF guru, for the debut of our first-ever video podcast—now available on YouTube! Winnie and Pat break down the shifting dynamics in the muni market, including record new issuance, the evolving impact of Fed policy, and what rising net supply means for investors. They also dive deep into the latest trends in ETF flows, discuss the challenges and opportunities facing sectors like airports, hospitals, and higher education, and share practical insights on how advisors and investors can navigate volatility across the curve. Whether you’re a muni specialist, fixed income investor, or just ETF-curious, don’t miss this timely conversation packed with actionable takeaways.
Find this episode on YouTube: https://www.youtube.com/watch?v=hyi1gdz_ECY
Season 9, Episode 03
This week on the “Know More Risk Better” podcast, Zachary Griffiths, Head of US Investment Grade and Macro Strategy at CreditSights, welcomes Gordon Tsui, Managing Director and Head of Fixed Income at Ping An, for a candid conversation on the intersection of policy, markets, and global capital flows. Drawing on decades of experience across Asian and US institutions, Gordon unpacks the rise of the “bond vigilante” mindset, evaluates the fiscal and monetary policy mix in today's US market, and explains why Treasury supply and refunding are now as market-moving as FOMC meetings. The discussion spans everything from the mechanics of currency hedging and the impact of tariffs, to the relative attractiveness of US, RMB, and other local currency bonds. Whether you’re a global investor, credit analyst, or policy watcher, don’t miss this expert perspective on the evolving landscape for fixed income as we move through 2025.
Season 9, Episode 2
This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy at CreditSights, and Zachary Griffiths, Head of IG & Macro Strategy, are joined by Cedric Chahab, Chief Economist at BMI, for a sweeping discussion on the forces shaping global credit markets as we enter the second half of 2025. The trio examines why European markets are riding a wave of optimism—even as underlying growth remains tepid—and how US markets compare amid fiscal stimulus, banking reform, and policy uncertainty. They dig into the impact of tariffs, potential risks from Fed independence debates, and the evolving roles of private credit, banking regulation, and crypto in the market ecosystem. Whether you’re an investor navigating credit spreads, a policymaker watching fiscal trends, or simply a market observer, this extra-long episode offers a candid, data-driven look at the tailwinds and headwinds facing transatlantic credit.
The Global Strategy Team at CreditSights kick off our new series with an extra long episode casting a timely look ahead at US, Euro, and EM Sovereign credit as we enter 2H25 and set our sights on early 2026. Our global strategy team consists of Winnie Cisar, Global Head of Strategy, Zachary Griffiths, Head of IG & Macro Strategy, Logan Miller, Head of European Strategy, Regis Chatellier, Head of EM Sovereign Strategy & Zerlina Zeng, Head of Asia Credit Strategy. Join our experts as they break down the latest macro trends, sector fundamentals, and market catalysts shaping these regions, highlighting actionable risks and opportunities amid shifting policy landscapes. From updated US credit strategies and Euro issuer themes to EM volatility and country-specific outlooks, this podcast offers invaluable intelligence for navigating the evolving global credit environment.
This week on the “Know More Risk Better” podcast, Winnie Cisar, Global Head of Strategy at CreditSights, is joined by Kerry Kantin, US Bureau Chief for LFI, to examine the pulse of the broadly syndicated loan (BSL) market as we approach the second half of 2025. They dive into the factors driving BSL activity, from macro volatility and tariff headlines to the technical dynamics fueling tight spreads and strong investor demand. The conversation explores the cautious optimism among investors, the impact of Fed policy expectations, and why the much-anticipated M&A and LBO wave remains on hold. Kerry also discusses creative deal flow solutions, the interplay between BSL and private credit, and the outlook for new issuance versus repayments. This episode is a must-listen for anyone navigating leveraged finance, seeking expert, data-driven insights on credit markets in a year full of surprises.
This week on the “Know More Risk Better” podcast, Zach Griffiths, Head of US Investment Grade and Macro Strategy, is joined by Mark Rosenberg, founder of GeoQuant, to discuss the rising tide of US political and geopolitical risk. They explore how increasing social polarization and institutional conflict are moving US risk profiles closer to those of emerging markets, and what this means for Treasury yields, equity markets, and gold. The episode also examines the market’s response to ongoing Middle East tensions. Ideal for investors and risk managers, this episode offers expert, data-driven insights into how political risk is reshaping the US market landscape.
This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy, is joined by Mark Chapman, Senior Analyst and Head of European Telecom and Media Sectors at CreditSights, to explore the evolving landscape of European telecommunications. They discuss the sector's turnaround since 2019, driven by increased demand during the pandemic and a shift towards fiber technology. The episode also covers the impact of macroeconomic factors, competitive dynamics, and M&A trends on the sector. Ideal for those seeking a comprehensive understanding of current telecom trends and potential risks, this episode is a must-listen for anyone interested in European telecom investments, complete with expert insights on market opportunities and challenges.
This week on the "Know More Risk Better" podcast, Zachary Griffiths, CFA, Head of IG and Macro, is joined by James Goldstein, CFA, Senior Retail Analyst and Jim Dunn, Senior Consumer Analyst, to discuss all things consumer. Join the team as they provide insight into Q1 Retail Earnings, key takeaways, and the impacts of 'Liberation Day'. They also explore consumer behavior in relation to employment metrics. This episode offers valuable insights into how tariffs and its uncertainty have shaped consumer sentiment and behavior. Ideal for those seeking a comprehensive understanding of current consumer trends and potential risks, this episode is a must-listen for anyone interested in uncovering US Consumer Insights.
This week on the "Know More Risk Better" podcast, Winnie Cisar, Global Head of Strategy, meets with Michael Kooiman, retail business owner based in Charlotte, NC, to explore the multifaceted impacts of tariffs on small and medium enterprises. Michael provides a detailed lay of the land on imports, particularly those exposed to China, affecting Christmas and outdoor furniture businesses. This episode offers valuable insights into how tariffs are reshaping supply chains and retail strategies for small businesses. Ideal for those seeking a comprehensive understanding of current industry trends and potential risks, this episode is a must-listen for anyone interested in the small business landscape.
This week on the “Know More Risk Better” podcast, Logan Miller, Head of European Strategy, is joined by Laurent Vergnault, Head of Chemicals and Packaging, Europe and Felicity Juckes, Lead Analyst, Paper and Packaging, Europe as they delve into tariffs and the recent de-escalation between the US and its largest trading partners. This episode also examines the fundamentals for Chems and Paper and Packaging and new issue trends between sectors. Ideal for those seeking a comprehensive understanding of current industry trends and potential risks, this episode is a must-listen for anyone interested in the European industrial scene, complete with the experts' picks and pans.
This week on the "Know More Risk Better" podcast, Winnie Cisar, CreditSights Head of Strategy, is joined by Cedric Chehab, Chief Economist at BMI, and co-host Zach Griffiths, Head of U.S. Investment Grade and Macro Strategy at CreditSights. Together, they delve into the complex dynamics of the global macro landscape.
This episode explores significant de-escalations in US trade tensions with the UK and China, highlighting potential boosts to growth and easing inflation concerns. Gain insights into the US dollar's recent fluctuations and their implications for global financial conditions. Discover how fiscal policies and deregulation could sustain US economic growth amidst uncertainties. Perfect for those seeking a pragmatic understanding of current market conditions and associated risks, this episode is a must-listen!
In the latest episode of "Know More, Risk Better," host and CreditSights Global Head of Strategy, Winnie Cisar, is joined by Zerlina Zeng, CreditSights Head of Asia Strategy, for a captivating discussion about Zerlina's recent trip to Hong Kong and Macau. Dive into the strategies top investors are using to navigate market volatility and their shift towards more defensive positions. Uncover the effects of US-China trade tensions and high rates volatility on global investment sentiment. This episode delves into opportunities in high-yield China industrial names and Hong Kong property, providing a fresh perspective on managing risks and finding value in unpredictable times. Tune in to explore how a potential prolonged US-China trade standoff could reshape global asset strategies and discover where savvy investors are placing their bets. Don't miss out on this chance to gain valuable insights and stay ahead in the complex world of international credits!
Tune in to the latest episode of the "Know More, Risk Better." podcast, hosted by Zach Griffiths. This week, he is joined by Josh Esterov, CFA, Head of Insurance at CreditSights. Together, they delve into the rising influence of private credit in insurance portfolios and discuss how private equity is reshaping the industry through higher yields and innovative strategies. Explore the significant shift from commercial real estate to residential mortgages and gain insights into the dynamic risk transfer market. This episode provides a comprehensive look at the opportunities and challenges redefining insurance investments. Don't miss this engaging and insightful conversation!
In the latest episode of "Know More Risk Better," host Zach Griffiths talks with Blake Winston, a USD Rates Options Trader at Wells Fargo. They address recent key market narratives including concerns about the Treasury-futures basis trade, further swap spread tightening and potential foreign selling of Treasuries. Blake sheds light on discrepancies in the market narrative and what he sees as the key drivers of the recent selloff in cash bonds. They also discuss the recent trend of the front end and back end of the Treasury curve trading like two different asset classes and how concerns about Fed independence factor into recent market movements. This episode offers valuable perspectives for those interested in financial markets and macroeconomic trends.
In this week's episode, host Zachary Griffiths dives into the evolving APAC insurance landscape with Senior Insurance Analyst, Trung Tran, focusing on converging Insurance Capital Standards in the region. Trung shares insights into Japanese life insurers, highlighting their strong solvency ratios amid attractive spreads for investors. They discuss significant risks like interest rate fluctuations and stock market volatility, and notice a trend of Japanese insurers moving their investments back home due to high hedging costs and rising local interest rates. The episode also tackles common investor questions about insurance bonds and accounting practices. If you're curious to learn more about this topic, including regulatory changes and bond structures, check out our 2024 APAC Insurance Primer Report.
Join hosts Winnie Cisar and Zach Griffiths, along with special guest Cedric Chehab, Chief Economist at BMI, as they delve into the current economic landscape amidst significant market volatility and trade tensions. Explore the potential for recession and the impact of recent aggressive tariff announcements by the Trump administration. Cedric provides a unique perspective on global trade dynamics, while Zach discusses tactical opportunities in high-yield investments. Gain valuable insights into monetary policy, international relations, and the evolving role of the U.S. in the global economy. Tune in to understand the complexities of today's market environment and prepare for the challenges ahead.
Join us on the latest episode of the “Know More. Risk Better.” podcast as Winnie Cisar, Zach Griffiths, and Regis Chatellier explore the economic outlook for Q2 2025 and beyond. Dive into discussions on economic trends and risks, U.S. stagflation concerns, and the impacts of tariffs and geopolitical tensions on emerging markets.
In this week's episode, host Winnie Cisar and CreditSights Head of South and Southeast Asia Corporates, Lakshmanan R., delve into the world of Indonesian corporates. Discover how evolving fiscal policies are creating uncertainty in the Indonesian market, the outlook for economic fundamentals in South and Southeast Asia given the mix of trade and tariff uncertainty, where corporate governance concerns persist and impacts on access to liquidity, and our views on opportunities in the corporate hybrid universe.
In this week's episode, host Zachary Griffiths and CreditSights Head of Asia Strategy, Zerlina Zeng discuss insights from China's recent Two Sessions meetings. They explore China's GDP growth target of 5% for 2024, fiscal policies, and the impact of U.S. tariffs. Zerlina highlights challenges such as overcapacity, export headwinds, and considers potential fiscal measures. The conversation also covers the implications of tariffs on various Asian markets, particularly South Korea, and the cautious sentiment towards credit risk amid U.S. policy changes. Tune in for a comprehensive analysis of Asia's economic landscape and geopolitical dynamics.
In this episode of "Know More. Risk Better," Zachary Griffiths welcomes Jeff deGraaf, chairman and co-founder of Renaissance Macro Research. Jeff draws from 35 years of experience to provide technical insights amid the recent equity market selloff. They discuss key metrics he’s focused on to determine if equities are oversold and when it is time to add risk back to portfolios. Jeff describes his journey beginning on Wall Street as a fundamental analyst and what drew him to take a more imaginative approach to capital markets including using technical analysis to understand what the market is ‘saying’.
In this episode of the Know More. Risk Better. podcast, host Winnie Cisar, Global Head of Strategy at CreditSights, sits down with Kerry Kantin, U.S. Bureau Chief at LevFin Insights, to discuss the current state of the loan and private credit markets. They delve into recent market volatility, the dynamics between broadly syndicated loans and private credit, and expectations for M&A activity in 2025. Kerry shares insights on how economic conditions and interest rates are shaping market trends and what issuers and investors can expect in the near future. Don't miss this insightful conversation on navigating complex financial landscapes.
In this episode of the Know More. Risk Better. podcast Logan Miller welcomes Simon Adamson and Paola Biraschi to discuss the 2024 earnings results for European banks, highlighting stable performance and market reactions. They explore M&A activity, noting several ongoing deals and their potential credit impacts, while emphasizing the complexity and prevalence of hostile takeovers. The discussion also covers regulatory changes, particularly Basel 3.1 and the Crisis Management and Deposit Insurance package, and their implications for capital issuance and bank strategies. Despite geopolitical uncertainties, the team maintains a positive outlook on AT1 instruments due to attractive yields and assesses bank performance and positioning, noting tightened credit spreads and strong performance over the past year.
In this episode of the Know More. Risk Better. podcast, Winnie Cisar, Zachary Griffiths, and Mark Lightner explore the legal landscape under Trump's presidency. They delve into the implications of executive orders, address potential challenges to Federal Reserve independence, and highlight significant Supreme Court cases. This discussion offers valuable insights into the evolving political and economic environment. Don't miss out on understanding how these changes could impact markets and institutions.
In this week's episode of CreditSights' "Know More. Risk Better." podcast, host Logan Miller, Head of European Strategy, is joined by Andy Belton, Head of Basics and Infrastructure. They dive into the challenges facing European basic industries in 2025, focusing on the potential impact of U.S. tariffs under the Trump administration. The discussion covers defensive investment strategies, sector-specific risks, and how companies are navigating geopolitical uncertainties. Tune in for expert analysis on market positioning and the future of key subsectors like paper and packaging, building materials, metals and mining, and chemicals.
Dive into the latest episode of the Know More. Risk Better. podcast with host Winnie Cisar and guest speaker Eric Axon, as they unravel the complexities of the healthcare sector in 2025. From the evolving dynamics in the pharma industry, including upcoming losses of exclusivity, Medicare price negotiations and M&A activities, to the operational challenges faced by hospitals amid regulatory changes, this episode provides a comprehensive overview. Gain insights into the key factors influencing investment-grade and high-yield markets and explore the potential impacts of legislative and regulatory risks in the year ahead. Whether you're curious about pharma innovations or hospital operations, this episode has something for everyone looking to navigate the healthcare landscape.
In this episode of the Know More. Risk Better. podcast, host Zachary Griffiths engages with Rory Johnston, founder of Commodity Context, to explore the complexities of the oil market in 2025. They delve into the potential impacts of U.S. tariffs on Canadian oil, the implications of Trump's energy policies, and the broader trends in global oil supply and demand. Rory Johnston provides expert analysis on how these factors are likely to influence oil prices and market stability in the coming year. Tune in to gain a deeper understanding of the forces shaping the oil industry and what to expect as 2025 unfolds.
In this insightful episode of the Know More. Risk Better. podcast, host Zachary Griffiths and guest speaker Zerlina Zeng delve into the early indications of Trump's inauguration speech and how it affects their expectations for US-China trade relations. They discuss how Trump's more gradual approach toward tariffs on China, has calmed market concerns, at least for now. While there has been plenty of focus on what the Trump administration will do, they explore the various tools at China's disposal and consider potential retaliatory measures that could influence global markets. Zerlina shares her outlook on China's economic growth, the role of fiscal and monetary policies, and strategic opportunities in Asian credit markets. Tune in to understand the complexities of the US-China trade dynamics and their broader market implications.
Explore the dynamic landscape of emerging market sovereigns in the latest episode of the Know More. Risk Better. podcast. Winnie Cisar, Global Head of Strategy at CreditSights, and Regis Chatellier, Head of EM Sovereign Strategy, delve into the standout performance of EM sovereigns in 2024 and the outlook for 2025. They discuss the surprising strength driven by key high-yield countries and the potential challenges ahead, including US trade policies, geopolitical risks, and fiscal deficits. With insights into market valuations and strategic recommendations, this episode provides a comprehensive overview of the opportunities and risks in the EM sovereign space. Tune in to understand how the forces shaping EM markets may change in the coming months.
In this insightful episode of the Know More. Risk Better. podcast, Winnie Cisar, Global Head of Strategy at CreditSights, and Cedric Chehab, Chief Economist at BMI, delve into the complex world of tariffs and their economic implications. The discussion navigates the potential effects of US tariffs on global markets, the paradox of a strong dollar, and the evolving landscape of US economic policies. With a blend of expert analysis and engaging dialogue, this episode offers a comprehensive look at how these factors could shape the financial future. Join Winnie and Cedric as they explore whether tariffs are terrific, terrible, or simply terrifying.
On the latest episode of CreditSights' Know More. Risk Better. podcast, Zachary Griffiths and Logan Miller join host Winnie Cisar to kick off the 2025 season. They explore the pivotal market dynamics expected to shape the year, focusing on fiscal policies, global trade challenges, and evolving economic conditions. The team shares their perspectives on the potential impacts of these factors on both U.S. and European markets. This episode sets the stage for an insightful year, providing listeners with expert analysis to navigate the complexities of 2025. Tune in to gain valuable foresight and stay informed!
In the season finale of the "Know More. Risk Better." podcast, Winnie Cisar welcomes back Zach Griffiths to dive deep into post-election market dynamics. They tackle topics like market optimism, inflation risks from tariffs, the potential impact of Republican policies, and how policy shifts could reshape 2025. Are the markets too optimistic? What hidden risks could be lurking around the corner? Don't miss this insightful and action-packed wrap-up episode!
In our latest podcast episode, we dive into the significant market changes following the U.S. election, marking the end of 2024. With Trump’s surprising comeback and Republican gains in the Senate, we break down what this means for the markets. Join Logan Miller and our esteemed autos team as they discuss corporate credit markets, central bank actions, and the global auto sector's reaction to political shifts. Stay tuned for expert insights and market predictions.
Don't miss this special U.S. election reaction episode of the "Know More. Risk Better." podcast! Host Winnie Cisar welcomes Connor Beakey from BMI and Mark Lightner from CreditSights for an in-depth discussion on the market's response to former President Trump’s return and the likely Republican win in Congress.
Discover the economic impacts, including the S&P 500 surge, rising U.S. Treasury yields, and a stronger U.S. dollar. Plus, get the latest insights on deregulation, corporate tax changes, tariffs, and global trade implications. Tune in for expert analysis and future predictions you won't want to miss!
In this week’s episode of CreditSights’ “Know More. Risk Better.” podcast, host Winnie Cisar is joined by Mark Lightner, Head of Special Situations Legal Research. Together, they delve into the legal issues coming out of the U.S. presidential election, including what a contested election might look like, how major litigation may be impacted, and the Fed’s independence, among other topics. Mark and Winnie provide detailed insights into these critical topics, making this episode a must-listen for anyone looking to understand the potential legal outcomes of today’s election.
In this week's episode of CreditSights' "Know More. Risk Better." podcast, host Winnie Cisar welcomes Cedric Chehab, Chief Economist for BMI. Cedric shares his perspective on the U.S. economy in 2025 and discusses the potential impacts of the upcoming U.S. presidential election. The conversation covers key economic indicators such as the yield curve and labor market trends, compares today's economy to the 1990s, explores various types of recessions, and addresses the U.S. fiscal deficit and government debt. Tune in for expert analysis and actionable insights into the fixed income markets.
In this episode of the Know More. Risk Better. podcast, we delve into the European real estate market with insights from industry experts Mary Pollock and Logan Miller. Discover what has driven the recent outperformance in the sector and get ahead of the curve as we discuss Q3 earnings, transaction volumes, and the broader property cycle. Learn about key themes such as macro strategy and sector outlooks that could impact your investments. Tune in to find out which sectors are showing signs of recovery and what challenges lie ahead for 2025. Don’t miss this chance to stay informed and make smarter investment decisions!
In this episode of the Know More. Risk Better. podcast, Winnie Cisar, Global Head of Strategy at CreditSights, and Senior Special Situations Analyst, Peter Sakon, dive into the evolving residential real estate brokerage industry. They discuss the challenges faced by real estate agents, traditional brokerages like Anywhere Real Estate’s (HOUS) Century 21 and RE/MAX (RMAX), the rise of low-cost cloud-based competitors, and new regulations from the National Association of Realtors. The conversation also touches on the financial pressures on these companies and potential long-term risks.
In this episode of the Know More. Risk Better. podcast, we delve into the intricate dynamics of the housing market. Winnie Cisar and Michael O'Brian explore national housing market fundamentals, shifts in the regional housing supply, and the impact of elevated mortgage rates. They also discuss the strategies home builders are using to navigate this challenging environment, including rate incentives and the shift toward quick move-in homes. Whether you're a homeowner, prospective buyer, or industry professional, this episode offers valuable insights into what drives the housing market today and what to expect in the near future. Listen now!
In the latest "Know More. Risk Better." podcast episode, host Winnie Cisar and CreditSights Head of Energy, Chas Johnston, explore the dynamic energy sector. They discuss oil price stability, natural gas market volatility, and geopolitical impacts. The episode also covers industry consolidation, potential mergers, and investment opportunities in emerging markets, particularly Pemex. Packed with valuable insights and strategies for navigating fixed income and credit markets, this episode is a must-listen for investment professionals. Tune in now for expert perspectives on the latest trends and opportunities in the energy sector.
In this episode of the Know More. Risk Better. podcast, Logan Miller, Head of European Strategy at CreditSights, and Mariya Nurgaziyeva, Head of Consumer Goods and Services, dive into the European consumer and retail sector. They discuss the impact of economic trends on consumer behavior, the outlook for 2025, and the potential opportunities and risks in the market. Don't miss out on these valuable insights!
In this episode of the Know More. Risk Better. podcast, host Winnie Cisar and frequent guest Davis Hebert, Head of TMT at CreditSights, dive deep into the booming world of podcasts. They explore the rapid growth of the podcasting industry, the economics behind mega deals, and the impact on traditional radio players like iHeart and SiriusXM. The discussion also covers how big tech companies such as Spotify, Apple, Amazon, and Google are influencing the podcasting landscape. Additionally, they examine the challenges and opportunities for monetizing podcasts, offering insights into what it takes to succeed in this dynamic space. Tune in now!
On CreditSights' "Know More. Risk Better." podcast, host Zach Griffiths is joined by fan-favorite guest Josh Esterov, CreditSights' Head of Insurance, to explore the implications of the upcoming US election on health insurers. They delve into the potential impacts of a Harris or Trump victory, examine the regulatory landscape, and discuss how different election outcomes could shape the future of healthcare policy. Gain expert insights into what insurers are hoping for and why gridlock might be their best bet. Tune in for a deep dive into the intersection of politics and health insurance.
On CreditSights' "Know More, Risk Better" podcast, host Zach Griffiths teams up with Ross Schaap and Iris Malone from GeoQuant for an engaging and timely discussion on the U.S. election.
Just a month away from Election Day, they discuss Geoquant's latest U.S. Presidential and Legislative model predictions with Kamala Harris at the top of the Democratic ticket and VP picks in place for both parties. They dive into the unique circumstances of this election and how the re-energized Harris campaign may affect voter turnout and ultimately the outcome of the race. Importantly, they also focus on the potential for unified government and how that likelihood has shifted since our prior U.S. election focused podcast.
This episode offers valuable insights and predictions that can help you understand the market implications of various potential outcomes for the upcoming election. Tune in to stay informed and ahead of the curve!
In the latest episode of LevFin Insights 'Levered Lines' podcast, Managing Editor Andrew Hedlund sits down with Shawn Robinson, co-head of Private Fixed Income at Apollo Global Management. Together, they explore the intricacies of private investment grade credit (Private IG), a notable example being Apollo's $11 billion deal with Intel.
Discover how Private IG offers flexible, bespoke financial solutions across diverse sectors like aviation and AI. Sean explains the numerous benefits, including higher spreads and robust protections, while addressing common concerns about liquidity and transparency. Learn how pension funds and institutional investors are leveraging Private IG for enhanced diversification and fixed income replacement.
Tune in for valuable insights on the future of private credit, especially in booming areas like clean energy and technology.
Join Winnie Cisar, the Global Head of Strategy, along with Zachary Griffiths, Head of US Macro & IG Strategy, and Logan Miller, Head of European Strategy, for a special episode of "Know More, Risk Better." This week, the Global Strategy team presented its 2025 Preliminary Outlook for the US, Euro, and Sterling markets, highlighting key themes for the upcoming year and providing initial forecast scenarios. Together, they discussed how the outcome of the US election could influence market performance, the trajectory of central banks, and potential risks to the outlook.
On CreditSights' "Know More. Risk Better." podcast, Davis Hebert and Erick Vega join host Winnie Cisar to explore the fascinating and often mysterious world of data centers. Dive into the infrastructure that powers our digital lives, from the storage of Instagram photos to the streaming of your favorite shows. Discover the inner workings of these massive facilities, the differences between hyperscale and colocation data centers, and how emerging technologies like generative AI are driving unprecedented demand. Tune in to unravel the complexities of data centers and understand their critical role in our ever-evolving digital landscape. Whether you're a tech enthusiast or just curious about where your data lives, this episode is packed with insights and expert analysis you won’t want to miss.
In the latest episode of the "Know More. Risk Better." podcast, host Logan Miller, Head of European Strategy at CreditSights, is joined by Jim Williamson, Senior European Autos Analyst. They cover key developments in the European automotive sector, including the shift from volume to value, the impact of rising dealer inventories, declining used car prices, and the challenges posed by stringent emissions regulations and Chinese EV competition. The discussion also touches on recent changes in sector recommendations and specific stock picks for investors.
On CreditSights' "Know More. Risk Better." podcast, Jesse Rosenthal, James Goldstein, and James Dunn join host Winnie Caesar to delve into the pressing questions surrounding consumer behavior and market conditions. They explore the current state of consumer health, spending patterns, and key indicators that signal broader market trends. Gain valuable insights into which metrics our experts rely on to forecast consumer spending and understand the underlying factors influencing the market today. Tune in to uncover the nuances and expert analyses that shape our understanding of the consumer landscape. Discover how factors like retail sales, credit card data, and discretionary spending are influencing the market, and what this means for the future of consumer behavior.
In this episode of "Know More. Risk Better.", Winnie Cisar is joined by Andrew Hedlund, Managing Editor at LevFin Insights, to discuss current trends in private credit. They highlight the anticipated Federal Reserve rate cuts and their potential impact on the market, noting that tight pricing benefits borrowers with lower interest payments. The discussion also covers high leverage in private credit deals, a growing deal pipeline, and significant fundraising efforts, such as Ares' $34 billion in investable capital. Additionally, they address macroeconomic impacts, concerns about defaults, the use of payment-in-kind (PIK) options, and sector-specific challenges, particularly in healthcare.
In the latest episode of the Know More. Risk Better. podcast, host Logan Miller, Head of European Strategy at CreditSights, is joined by Luke Millar, Global Editor-in-Chief of LevFin Insights, to explore current developments and forward-looking trends in the European leveraged finance markets.
They delve into key topics such as the performance of the high-yield market, driven by a recovery in stressed sectors like real estate, elevated carry from high starting yields and narrowing credit risk premiums. The discussion also covers the dynamics between fixed and floating rate leveraged debt, the market's appetite for risk, the pivotal role of CLOs, and the outlook for future issuance and refinancing activities amid shifting interest rates and M&A pipelines.
In the latest episode of CreditSights' "Know More. Risk Better." podcast, host Winnie Cisar is joined by Kerry Kantin, US Bureau Chief at LevFin Insights. They delve into the recent increase in M&A and LBO-related financings against the backdrop of a falling-rate environment, resulting in a $39 billion leveraged loan pipeline. The discussion highlights how falling base rates benefit loan issuers and underscores repricing activities that extend loan maturities. Additionally, the episode covers fund flows, market technicals, and return prospects, noting that high-yield bonds should get a boost as rates decline. It wraps up with an insightful discussion on SOFR floors and CSAs in loan documentation.
The Know More Risk Better is back for Season 07! Join our host Winnie Cisar, Global Head of Strategy as she is joined by Logan Miller, European Head of Strategy, as they set the stage for the season ahead.
This episode covers recent market dynamics and year-end expectations, focusing on US & European investment-grade (IG) and high-yield (HY) markets. Key topics include robust primary market activities, consumer trends, economic outlooks, US job reports' impact on credit spreads, and anticipated central bank easing cycles. They also examine the potential market implications of the upcoming US elections and the revival of the debt ceiling debate.
In the latest episode of "Know More, Risk Better," hosts Winnie Cisar and Zach Griffiths are joined by Mark Lightner, Head of Special Situations Legal Research at CreditSights, to discuss the ripple effects of two of the U.S. Supreme Court’s blockbuster decisions from this term: Purdue Pharma, which held that third-party releases are not allowed in bankruptcy, and Loper Bright, which overturned the 40-year-old Chevron deference doctrine for federal agency rule making.
Host Winnie Cisar is joined by Head of TMT, Davis Hebert to discuss Starlink's influence on the satellite sector. They explore Starlink's expansive low Earth orbit satellite system for global broadband service, its financial journey without corporate bonds, and its impact on established satellite players and potential regulatory challenges it faces.
In this timely episode of "Know More. Risk Better," host Zach Griffiths invites guest Ross Schapp of GeoQuant to dissect the evolving U.S. political landscape post-debate and its implications for investment strategies. They delve into the nuanced dynamics of party control, Biden's steadfast candidacy, and how these factors could influence market risks and fiscal policy as we approach the November elections.
In the latest episode of "Know More. Risk Better.", CreditSights' strategists covering the U.S., Europe and EM unpack their mid-2024 to mid-2025 market outlook. They outline their preference for fixed over floating rate product, duration over credit risk and provide their rationale for recommending more defensive portfolio positioning. During the webinar they poll the audience to get a sense of client positioning and perception of economic and financial market risks. Finally, they answer top-of-mind questions from our broad base of global fixed income market clients.
In the latest episode of "Know More, Risk Better," host Zach Griffiths and Cedric Chehab, Global Head of Country Risk at BMI, explore the potential effects of a second Trump presidency on the US dollar. They discuss the impact of tariffs, Federal Reserve policies, and tax cuts. Additionally, they reflect on the alignment of today's currency management strategies with the historical Plaza Accord. The conversation highlights the enduring status of the US dollar as the preeminent global reserve currency.
In this episode of the "Know More, Risk Better." podcast, our hosts Winnie Cisar and Zach Griffiths discuss their recent travels and meetings with clients, sharing insights into the current sentiment in the credit markets. They explore topics such as the private credit market, global views from various meetings, and expectations for the economy and central bank policies.
In the latest episode of the "Know More, Risk Better" podcast, host Zach Griffiths is joined by Logan Miller, Head of European Strategy at CreditSights. Together, they delve into the evolving landscape of the credit market, highlighting shifts in European credit spreads. They explore the interplay between the ECB's cautious stance and the Fed's assertive moves and consider the market's response to political events in Europe and key policy changes.
In this episode of "Know More, Risk Better," host Zach Griffiths is joined by Andy DeVries, Head of Utilities at CreditSights to dive into his preferred ways to position in the rapidly evolving Utilities space. They explore the effects of data center demand on power markets, customer growth impact on utility bills and political risk, and the implications of the Inflation Reduction Act on clean energy. They also discuss potential political changes, the trend of hybrid financing in utilities, and their impact on fixed income investment strategies.
In the most recent episode of "Know More, Risk Better," Zach Griffiths discusses with Mark Lightner how the Biden administration has navigated policy implementation through legislation, executive action, and litigation. They examine key legislative successes such as the American Rescue Plan and the Inflation Reduction Act, and look ahead to imminent Supreme Court rulings and anticipated legal debates surrounding artificial intelligence.
Host Zach Griffiths and head of U.S. financials Jesse Rosenthal delve into the intricate dynamics of consumer credit and bank exposure to commercial real estate. Discover the nuanced take on credit card debt spikes, the resilience of the consumer in the face of rising rates and inflation, and what the future holds for office CRE. Don't miss their expert analysis on these critical financial trends.
Host Winnie Cisar delves into the world of AI with technology experts Jordan Chalfin and Andy Li. They explore the AI cycle's current state, NVIDIA's market impact, and the burgeoning trend of AI workloads shifting from cloud to on-premises, offering a nuanced perspective on the tech landscape.
Tune in to the latest CreditSights podcast episode where Winnie Cisar and Pat Luby dive deep into the Wealth Management universe, discussing the intricacies of municipal strategy and the shifting interest rate environment. They also explore the strategic use of ETFs and mutual funds within investment portfolios, offering valuable insights for wealth management clients and investors.
In the latest episode of "Know More. Risk Better.," host Zach Griffiths discusses the implications of recent elections in South Africa, Mexico, and India with strategy expert Regis Chatellier and GeoQuant founder and co-head Mark Rosenberg. They delve into the ANC's significant loss in South Africa, the sweeping victory of Morena in Mexico, and the BJP's expected win in India, exploring how these outcomes may influence market dynamics and policy direction.
Winnie Cisar and Kerry Kantin, U.S. Bureau Chief at LevFin Insights, are back with an update on the trends and dynamics of the leveraged loan primary market, emphasizing the surprising strength in 2024. They discuss how a decrease in recession fears and a lack of M&A activity have led to more demand than supply in the market, favoring issuers and sparking a wave of repricing.
Host Zach Griffiths explores the complexities of private credit with guest Lyle Margolis from Fitch Ratings. They examine the balance of strong earnings against the pressures of elevated base rates and liquidity challenges, providing insights into the current state and future trends of middle-market fundamentals.
In the latest CreditSights podcast episode, host Winnie Cisar dives into the complexities of liability management exercises with Justin Forlenza, Managing Director at Covenant Review. This episode unpacks the intricacies of balance sheet restructuring outside of bankruptcy, exploring various transaction types and how they impact investors, as well as the current trends driving an increase in these transactions.
In the latest episode of "Know More. Risk Better.," host Zachary Griffiths speaks with LFI Managing Editor Andrew Hedlund, exploring the complexities of private credit and the evolving interplay between banks and direct lenders. The discussion sheds light on the current state of deal flows, pricing trends, and the broader economic implications for companies navigating today's high-interest environment.
In the latest episode of "Know More. Risk Better.," hosts Winnie Cisar and Zachary Griffiths delve into the intricacies of private credit and its burgeoning role in U.S. investment strategy. They unpack the evolution of lending practices, the regulatory shifts affecting banks, and the interconnectedness of private equity and private credit in today's financial landscape.
Host Zach Griffiths and special guest, Josh Esterov, dive into the changing dynamics of fixed income markets, with a special emphasis on the growing presence of private credit in life insurers' investment strategies. They explore the risks and opportunities associated with this trend, particularly in the context of a potential economic downturn, while also discussing the increasing influence of private equity firms in the life insurance sector.
Season 6 of "Know More. Risk Better.," kicks off with a deep dive into the financial currents shaping the market. Join Winnie Cisar, Global Head of Strategy, and Zachary Griffiths, Head of US Investment Grade and Macro Strategy, as they analyze the aftermath of 4Q23 and 1Q24's economic data and the Federal Reserve's nuanced policy signals.
In this episode of "Know More. Risk Better.," we invited Visa's Principal US Economist, Michael Brown, to explore the U.S. economy's resilience amidst Fed tightening and discuss how the Visa Spending Momentum Index provides a deeper cut into understanding recent consumer spending trends. Brown delves into the consumer spending dynamics post-COVID and analyzes the nuances of credit health and emerging payment trends. This episode provides key insights into today's economic trends and the future direction of the US economy and financial markets.
In the latest episode of "Know More. Risk Better.," host Zachary Griffiths is joined by Todd Duvick, Head of Autos research, to discuss the recent downgrade of the U.S. auto sector's performance rating. Despite the sector's significant outperformance since upgrading Autos to Outperform in November 2023, Duvick explains valuations reflect the auto sector’s improved supply-demand balance and the repricing of Ford’s bonds following its upgrade to investment grade. The episode delves into the implications of these factors on the auto market and explores the evolving dynamics of electric vehicle adoption and the potential challenges posed by Chinese competitors.
In this episode, host Winnie Cisar is joined by Euro consumer analyst Maryum Ali and Euro auto analyst Jim Williamson to discuss how premium consumer brands and the auto sector are navigating economic challenges. They focus on consumer trends in Europe and globally, earnings season outcomes, and the evolving landscape of electric vehicles. Tune in today as the conversation provides a deep dive into how these sectors are adapting and what indicators are key for future performance.
In the latest episode of "Know More. Risk Better.," host Winnie Cisar and Special Situations Legal Research Head Mark Lightner delve into the complexities of mass torts and bankruptcy, focusing on high-profile cases like Purdue Pharma's. They unravel the impacts of third-party releases and the controversial Texas Two-Step strategy for companies facing mass tort liabilities. This episode is a must-listen for anyone interested in how landmark legal battles shape creditworthiness for companies with mass tort exposure.
Winnie Cisar is joined by Dave Preston, Head of Structured Credit Research at AGL Credit Management. Together, they delve into the intricacies of the CLO market, discussing the appealing cash-on-cash returns of CLO equity, the significance of CLO manager performance, and the impact of banks and Japanese investors on AAA CLO tranches. Dave also sheds light on the increasing prominence of private credit CLOs and offers insights for investors navigating this complex landscape.
In the latest "Know More. Risk Better." episode, host Zachary Griffiths and GeoQuant's Head of Research, Ross Schaap examine the 2024 US presidential election, leveraging their model's impressive 83% success rate in predicting outcomes.
Tune into our latest "Know More. Risk Better." episode where strategy meets insight in the fixed income arena. Head of Financials, Simon Adamson joins to dissect the impact of US commercial real estate on European banks and what it means for investors. We also take a closer look at European bank performance and the potential shifts in the banking landscape. Essential listening for anyone looking to stay ahead in the world of credit investing.
In our latest "Know More. Risk Better." podcast episode, host Winnie Cisar and Global Editor-in-chief of LFI, Luke Millar unpack the European leveraged finance market's robust start in 2024. They tackle key drivers, CLO trends, and the evolving private credit landscape, offering expert analysis on the sector's opportunities and challenges. Tune in for critical insights into high-yield strategies and default outlooks.
In this episode of "Know More. Risk Better.," host Zachary Griffiths joins Head of East Asia Corporates, Zerlina Zeng, to analyze China's unexpected five-year loan prime rate cut and its implications for market sentiment and investment strategies. They explore the nuanced impacts on the credit market, debate future policy shifts, and offer insights on navigating the current investment climate.
In this episode of "Know More. Risk Better.," Winnie Cisar and Zachary Griffiths unpack the implications of the latest CPI and PPI data on fixed income markets, and discuss the Federal Reserve's anticipated rate adjustments. They provide a strategic outlook for investors amid shifting economic indicators and market resilience.
In our latest podcast episode, we're thrilled to introduce Brian Conroy, the founder of Bixby – a company specializing in the leveraged loan market and the newest member of the Fitch Solutions family. Brian shares his journey from the investment banking world to creating Bixby, a platform addressing the need for transparent information flow in private markets. He discusses Bixby’s growth, its near-complete coverage of the US loan market, and its expansion plans into Europe. Tune in to hear how Bixby's data is revolutionizing the way clients approach the loan market and discover the synergy with CreditSights’ suite of products.
In the latest episode of "Know More. Risk Better.," we invited Fitch Ratings Head of US Leveraged Finance, Lyuba Petrova and CreditSights Head of Quantitative Research, Kai Gilkes to discuss the anticipated US bond and leveraged loan default rates for 2024, exploring key factors and potential impacts on investment strategies. The conversation also touches on the role of private credit and liability management in shaping the fixed income landscape. Tune in for strategic insights crucial for navigating the evolving credit market.
For further questions please feel free to reach out to Lyuba at Lyuba.petrova@fitchratings.com.
Host Zachary Griffiths discusses the delicate balance of risks and opportunities in the fixed income market with BMI's Global Head of Country Risk, Cedric Chehab. Cedric shares his expert analysis on the expected economic slowdown in 2024, highlighting the contrast between developed and emerging markets and the pivotal role of monetary and fiscal policy. This episode provides investment professionals with critical insights into the strategic considerations essential for navigating the forces shaping global credit markets.
In this insightful episode of "Know More. Risk Better.," host Winnie Cisar sits down with analyst Mary Pollock, CFA to explore the current state of the European real estate market amidst a pivotal property cycle. They dissect the impact of hybrid work trends on office property valuations and discuss the importance of interest coverage ratios (ICRs) to determine the health of issuers’ balance sheets through this cycle. Tune in for an expert analysis.
Tune in as host Winnie Cisar and analyst Davis Hebert explore the pivotal trends in the media and telecom sectors as we advance into 2024. Hebert discusses broadband competition, adaptive strategies in video services, and the evolving ad spend landscape. The episode also sheds light on sports viewership trends and addresses tactical debt management within high-yield sectors. A compact yet comprehensive listen for those tracking the pulse of media and telecom developments.
In this episode of "Know More. Risk Better.," host Winnie Cisar and US Bureau Chief for LevFin Insights, Kerry Kantin, dissect the bustling start of the leveraged loan market in 2024. They delve into the implications of the market's robust opening, and the emerging trends in refinancings and repricings. With the market swiftly adapting to macroeconomic signals, they explore the strategic maneuvers companies are making to optimize their capital structures.
Dive into the latest episode of "Know More. Risk Better.," where hosts Winnie Cisar and Zachary Griffiths, alongside Head of Euro Strategy Logan Miller, dissect underappreciated risks in the fixed income markets for 2024. The trio discusses sector-by-sector threats, highlighting the potential for increased leverage and the looming concerns of waning demand and higher interest rates. Tune in for their expert analysis on how macro trends are shaping micro-market movements and what that means for your investment strategy.
In this episode of "Know More. Risk Better.," host Winnie Cisar and Senior Municipal Strategist, Pat Luby offer a comprehensive look at the municipal bond market's shaky start in 2024. They explore the dynamics of job growth within state and local governments and the influence of upcoming elections on muni bonds. Luby also breaks down recent trends in mutual fund and ETF flows, discussing the implications of current market uncertainty on investment strategies.
Tune into the latest episode of "Know More. Risk Better" where host Zachary Griffiths, and Head of Insurance Josh Esterov, CFA give an overview of the funding agreement-backed notes (FABNs) market, the hot start to the year for FABN issuance, and dive into how FABNs can act as a "cheat code" for investors in high quality fixed income looking to outperform the 'AA' or even 'A' indices. They also discuss how FABNs provide benefits for both issuers (life insurers) and investors. A must-listen for investment professionals looking to find ways to pick up spread/yield within the highest quality rating buckets of corporate credit.
In this special episode of "Know More. Risk Better," host Zachary Griffiths is joined by the Head of Transportation and Aerospace, Matt Woodruff, CFA to discuss the recent alarming incident on an Alaska Airlines flight involving a Boeing 737 Max 9. They explore the event's implications for Boeing's financial situation and the impact on the bond market. Woodruff also provides an overview of Boeing's history with the 737 Max family, shedding light on the company's strategic decisions and the pressures facing its signature aircraft line. This episode promises to offer professional insight into the aerospace industry's current challenges and the financial repercussions for one of its key players.
Season 5 is here! Dive into the latest financial currents with CreditSights' analysts Winnie Cisar and Zachary Griffiths, CFA as they unpack the early 2024 market trends and how it impacts their 2024 credit/rates market expectations in this must-listen episode. From dissecting the modest upside surprise to December CPI data to analyzing Treasury auction demand and exploring the surge in corporate issuance to start the year, get the strategic insights you need to navigate the shifting landscapes of the fixed income markets. Tune in to uncover the balance between risk and opportunity that awaits investors this year.
Join our host, Zachary Griffiths, alongside CreditSights, Head of Banks, Jesse Rosenthal and Senior Banks Analyst, Peter Simon, CFA, as they delve into the Q3 earnings of US banks, analyze the current state of the consumer credit sector, and examine the implications of regulatory changes on the banking industry.
Analysts Maryum Ali and James Dunn join host Winnie Cisar to discuss the potential effects of GLP1s on both the U.S. and Europe consumer sectors.
CreditSights, Head of European Strategy, Logan Miller, joins our host Zachary Griffiths, CFA, to discuss the role of corporate hybrid bonds in the European market. Together, they review the impact of low-interest rates, the performance of hybrids amidst market volatility and projections for 2024.
Listen to latest episode of the "Know More. Risk Better." podcast, where Eric Axon, Senior Healthcare Analyst & Co-Head of HY, Josh Esterov, Senior Insurance Analyst, and Jory Eisenberg, Senior Special Situations Analyst, unite to discuss GLP1s and healthcare. In addition, they share their viewpoints on the weight loss industry, highlighting several weight loss and diabetes prescription drugs.
Consumer analysts, James Goldstein, CFA, James Dunn, and David Bussey, CFA join our Global Strategy team in this month's Global Market update to discuss Consumer outlooks as we approach the holiday season.
On this week's "Know More. Risk Better." Podcast, Head of US IG and Macro Strategy, Zach Griffiths CFA and our host Winnie Cisar, Head of Global Strategy discuss the recent Fed Press Conference and the policy statement. They also delve into the impact of the treasury refunding announcement on treasury yields, the economic data points and final quarter projections.
Senior analyst Chas Johnston, CFA, shares his thoughts on the two recent mega M&A deals between Exxon and Pioneer, and Chevron and Hess.
On this week's "Know More. Risk Better." Podcast, CreditSights Senior Analyst in North Asia Corporates, Zerlina Zeng CFA , discusses all things China Macro. She spotlights graduate unemployment, the China property market. She also delves into the impact of travel and tourism on the Chinese economy, whilst touching on the banking system.
On this week’s podcast episode, analyst Michael O’Brien gives an overview of CreditSights’ IG Homebuilding sector coverage including his top picks, views on balance sheets, and potential risks considering today’s high interest market.
CreditSights Head of European Strategy, Logan Miller discusses our current positioning on the Euro HY and IG market, the final predictions for 2023 and initial outlook for 2024, including potential risks to look out for in the upcoming year. He additionally, gives his perspective on sector strategies for investors.
Tune in to this week’s episode as Global Head of Strategy, Winnie Cisar, and Head of U.S. IG Strategy, Zachary Griffiths discuss their final predictions for 2023 and preliminary 2024 outlooks, including potential risks to look out for in the coming year.
On this week's "Know More. Risk Better." Podcast, Conor Beakey, North America Analyst at BMI of Fitch Solutions, discusses the fiscal deficit situation in the US. He delves into the potential implications of the deficit on the global markets, and additionally, offers valuable insights into the economic outlook and deficit projections for the year 2024.
Tune in as Winnie Cisar, Global Head of Strategy, and Pat Luby, Senior Municipal Strategist, discuss all things fund flows. Pat shares his thoughts on why we should be paying more attention to ETFs and Mutual Funds, highlighting his top picks, and assessing what’s in store for the future.
On this week's "Know More. Risk Better." Podcast, Managing Editor of US Leverage Loan at LevFin Insights, Kerry Kantin, discusses the origins of LevFin Insights and how its news and data can be applied to the loan market; she also dives into the state of the leverage loan market in the last quarter.
CreditSights Head of European Strategy, Logan Miller, and Senior Consumer Analyst, Maryum Ali, discuss their holistic views of the European Consumer sector, as well as their recommendations within the Food & Bev, and Personal Care subsectors.
CreditSights US Consumer Analyst, Ben Morgan, CFA, discusses the decline in cigarette sales in the US and the rise in other tobacco products, covering M&A activity in the tobacco space, and the controversy surrounding tobacco promotion, such as FDA regulations.
CreditSights Senior Municipal Strategist, Patrick Luby delves into the year-to-date success of the Muni Market, provides sector recommendations, and shares his outlook for fall 2023.
CreditSights Senior Media & Cable Analyst, Hunter Martin, CFA, and CreditSights Senior Telecom & Cable Analyst, Davis Hebert, CFA, are joined by Winnie Cisar as they delve into their outlook for the future of TV, offer sector recommendations, and reflect on the Disney and Charter hostage crisis.
CreditSights Senior US IG Strategist and Rates Market expert, Zachary Griffiths, CFA, discusses whether UST yields are going higher, explores inflation concerns, the outlook for the Fed and provides opportunities heading into 2024.
CreditSights Co-Head of Asia-Pacific Research, Sandra Chow, CFA, discusses the research team's inaugural Asia Investment Grade sector strategy, highlighting opportunities in recovering sectors and providing guidance to navigate those still facing pressure.
CreditSights Senior North Asia Corporates Analyst, Zerlina Zeng, CFA, discusses her outlook on the Chinese economy for the rest of the year, her sector recommendations, and top picks & pans.
Pramod Shenoi, Co-Head of Asia-Pacific Research, joins Winnie Cisar, Global Head of Strategy, to debrief after the annual CreditSights Asia Conferences in Hong Kong and Singapore. Pramod shares highlights from the conferences and speaks about what our analysts learned in conversations with dozens of attendees.
Erin Lyons, our Global Head of Business Strategy, joins Winnie Cisar to discuss the New CreditSights Platform and all the upcoming product releases for 2023. Our unified platform provides credit market research, covenant analysis and leveraged finance news into one site to help you... Know More. Risk Better.
CreditSights Senior Consumer Analyst, James Dunn discusses his outlook for the rest of the year, consumer trends, the consequences of inflation on profitability and other essential measures for companies in the consumer goods sector. Additionally, he provides his final forecasts before the release of the Consumer Price Index.
CreditSights Senior European Autos Analyst, Jim Williamson, discusses his outlook for the rest of the year, the sector recommendations, and his top picks & pans.
Winnie Cisar is joined by CreditSights European Head of Research, Brian Studioso and LevFin Insight's Global Editor in Chief, Luke Millar, to discuss this year’s European High Yield Roadshow which took place in Paris and Milan.
CreditSights Global Head of Research, Chris Snow, CFA, is joined by Winnie Cisar to discuss his recent trip to CreditSights Singapore where he met up with clients and Fitch Solutions partners. They discuss recent trends, an overview of Asia coverage and the impact of a potential recession.
CreditSights Senior European Chemicals and Paper & Packaging Analyst, Laurent Vergnault discusses his outlook for the rest of the year, sector recommendations and his top picks & pans.
CreditSights Head of European Basics, Andrew Belton, discusses his outlook for the rest of the year, sector recommendations, construction trends, and his top picks & pans.
CreditSights Senior TMT Analyst, Erick Vega, CFA, and European TMT Analyst, Alex Lawrence discuss their outlook for the rest of the year, including their sector recommendations, the implications of inflation, and their top trading picks & pans.
CreditSights Gaming, Lodging, and Leisure Analyst, David Bussey, CFA, discusses his outlook for the rest of the year, including his sector recommendation, primary market expectations, and his top picks & pans.
CreditSights Senior European Utilities Analyst, Andrew Moulder, discusses his outlook for the rest of the year, including his sector recommendations, primary market expectations, and his top picks & pans.
CreditSights Senior European Insurance Analysts Martina Seydoux and Larissa Knepper discuss the impact of new issuance activity, volatility periods, as well as their recommendations for the European Insurance sector including their top picks & pans.
CreditSights Senior European Consumer Analyst Maryum Ali, discusses recent consumer trends and the impact of inflation and a potential recession, as well as her recommendations for the European consumer sector including her picks & pans.
CreditSights Senior European Food Retail and Gaming Analyst, Amarveer Singh and Senior European Consumer and Retail Analyst, Samik Majumdar, discuss recent consumer trends and the impact of a potential recession, as well as their recommendations for the European retail sector including their picks & pans.
CreditSights Senior Insurance Analyst, Josh Esterov, joins Zachary Griffiths for a discussion around US insurer investment portfolios; reviewing data and trends in regards to investment yields, credit quality, asset class and sector allocation, duration, and other measures.
CreditSights Head of Basic Industries, Andrew Brady, discusses his recommendation for the Chemicals Sector, new issue and earnings expectations, and his top picks & pans.
CreditSights Senior Transportation Analyst, Roger King, discusses his sector recommendation, the impact ESG will have on Aircraft Leasing, recent consumer trends and his top picks & pans.
CreditSights Global Building Materials & Construction Senior Analyst, Andy Belton, discusses his sector recommendation for US Building Materials, the impact of a potential recession, construction trends, and his top picks & pans.
CreditSights Senior Metals & Mining Analyst, Wen Li, discusses his sector recommendation, the impact of a potential recession, volatility periods, and his top picks & pans.
CreditSights Senior Paper & Packaging Analyst, Lauren Holland, discusses her sector recommendation, the impact of new issuance activity, volatility periods, and her top picks & pans.
CreditSights Senior Aerospace and Defense Analyst, Matt Woodruff, discusses his sector recommendations, including the impact of the Ukraine War and his top picks & pans.
CreditSights Senior Airlines Analyst, Roger King, discusses his sector recommendation, the impact of the pandemic on the Airline industry, recent consumer trends and his top picks & pans.
CreditSights Senior Autos & Industrials Analyst, Todd Duvick, discusses US industrial products focusing on Investment Grade companies, including his recommendation for the sector and his top picks & pans.
CreditSights Senior TMT Analyst, Hunter Martin, discusses his sector recommendation for Investment Grade Media, including his trade ideas, and top picks & pans.
CreditSights Senior Consumer Analyst, Jim Dunn, discusses his sector recommendation, spread tightening across IG and HY, new issuance expectations, and his top picks & pans.
CreditSights Senior Energy Analyst, Chas Johnston, CFA, discusses his outlook for 2023, including his sector recommendation, primary market expectations, and his top picks & pans.
Part 2: Jesse Rosenthal, Head of US Financials; Peter Simon, Senior Financials Analyst; and Joshua Kramer, Senior Special Situations Analyst, answer critical questions our clients have been asking following the collapse of Silicon Valley Bank.
Part 1: Jesse Rosenthal, Head of US Financials; Peter Simon, Senior Financials Analyst; and Joshua Kramer, Senior Special Situations Analyst, answer critical questions our clients have been asking following the collapse of Silicon Valley Bank.
CreditSights Senior Insurance Analyst, Josh Esterov, discusses his outlook for 2023, including new issuance expectancy, risks from the banking sector, and top picks & pans.
CreditSights Co-Head of High Yield Research and Senior Healthcare Analyst, Eric Axon, discusses his outlook for 2023, including new issuance expectance, and his top picks & pans.
CreditSights Head of US Financials, Jesse Rosenthal, discusses his outlook for 2023, including specific issuers of concern, earnings risks, and top picks & pans.
CreditSights Senior Technology Analyst, Jordan Chalfin, discusses his outlook for 2023, including his recommendation for the US Technology sector, and primary market activity forecast.
CreditSights Senior Telecom & Cable Analyst, Davis Hebert, discusses his outlook for the Telecom sector including the spike in labor costs and new issue expectations.
CreditSights Head of Global Financials Research, Simon Adamson, discusses his outlook for the Euro banks sector, including his view on market trends and his picks & pans.
CreditSights Senior Autos & Industrials Analyst, Todd Duvick, discusses his outlook for the US Autos sector, including unemployment and job growth, default rates, and the supply and demand imbalance.
CreditSights Senior Transportation Analyst, Matt Woodruff, discusses his outlook for 2023 as well as the recent train derailment in East Palestine.
In Part 2 of our series with Glenn Reynolds, CreditSights’ Co-founder and Global Macro Strategist, Glenn recounts the highs and lows of the past 20 years, and why founding CreditSights was a risk that paid off.
CreditSights’ Co-founder and Global Macro Strategist, Glenn Reynolds, discusses what he’s seen in the markets over the course of his career, from 1980s inflation through the beginning of our current credit cycle.
CreditSights’ Senior Telecom Analyst, Davis Hebert, discusses the nearly $100 bn auction for the C-Band spectrum, and its implications for 5G, and the impacts on AT&T and Verizon balance sheets.
CreditSights’ Senior Semiconductor Analyst, Andy Li, discusses shortages in customer end markets, the global chip landscape, and the implications for credit fundamentals.
CreditSights’ Head of Quantitative Strategy, Kai Gilkes, discusses the CreditSights US high yield 2021 default forecast.
CreditSights’ Senior Auto Analyst, Hitin Anand, talks to the 2021 outlook, the regulatory environment, and the inflection point for EVs.
We present our CreditSights' Weekly Wrap from November 13th, a discussion between Head of IG, Erin Lyons, and Senior Municipal Strategist, Patrick Luby, as they discuss the challenges state and local governments are facing, and how they too are building liquidity.
CreditSights’ Senior Media Analyst, Hunter Martin, and Senior Special Situations Analyst, Matt Zloto, discuss the stress from coronavirus on the cinema sector and frame out the limited options ahead for leading exhibitor, AMC Entertainment.
CreditSights’ Head of US Financials, Jesse Rosenthal, revisits our “This Time is Different” theme from earlier this year, and frames the surprisingly strong position of US banks.
CreditSights’ Senior TMT Analyst, Mary Pollock, discusses how to value Softbank, a topic that never fails to spark debate across financial markets.
We present our CreditSights’ Weekly Wrap from September 18th, a discussion between Head of IG, Erin Lyons, our US Tech Analysts Jordan Chalfin and Andy Li about recent big M&A deals in the sector.
CreditSights' Senior Healthcare Analyst, Eric Axon, breaks down the conundrum of high drug prices in the US and frames the upcoming Presidential election.
CreditSights’ Senior Utility Analyst, Andy DeVries, discusses the economics of Green Energy and the impact of the US Elections on the Utility sector.
CreditSights’ Senior Paper & Packaging Analyst, Lauren Holland, discusses the record tight print in HY, other recent Packaging deals, and the overall condition of the sector amidst COVID-19.
CreditSights’ Head of US Industrials, Hitin Anand, discusses management mis-steps, sector challenges, and the risk of credit downgrades.
We present our CreditSights’ Weekly Wrap from July 31st, a discussion between Co-Head of IG, Erin Lyons and Head of US Research, Christopher Snow, about the potential impacts of a Democratic legislative agenda on the credit markets.
CreditSights’ Head of Quantitative Strategy, Kai Gilkes, discusses Fallen Angel risks amongst BBBs and the impact of COVID-19 on the outlook.
We present our CreditSights’ Weekly Wrap from July 10th, a discussion between Co-Heads of IG, Erin Lyons, our IG Strategist, and Andy DeVries, our Senior Utilities Analyst, about Warren Buffett’s purchase in the Utility sector and investor interest in ESG.
CreditSights’ Senior Tech Analyst, Jordan Chalfin, talks investors through Dell’s exploration of the spin of its stake in VMWare, as well as Dell’s positioning in the credit markets.
CreditSights’ Senior Airlines Analyst, Roger King, navigates through the liquidity challenges and creative bond issuance to find a path past the COVID-19 crisis.
We present our CreditSights’ Weekly Wrap from June 19th, a conversation between Erin Lyons, our US IG Strategist, as host, and Tomas Hirst, our European Credit Strategist, as guest.
CreditSights’ Senior Metals & Mining Analyst, Wen Li, talks to steel company financial flexibility in the context of recent equity and credit issuance and the sector’s commodity exposure.
We present our CreditSights’ Weekly Wrap from May 22nd, a conversation between Erin Lyons, our IG Strategist, as host, and James Goldstein, our Senior Retail Analyst, as guest.
CreditSights’ Charlotta Chung and Belle Yang, legal analysts from the US and the UK, speak to the liquidity and covenant challenges that borrowers and lenders face in the midst of the COVID-19 crisis.
We present our CreditSights' Weekly Wrap from May 15th, a conversation between Erin Lyons, our IG Strategist, as host, and Glenn Reynolds, our Global Head of Strategy, as guest.
CreditSights’ Head of US Legal Research, Charlotta Chung, and Co-Head of US IG Research, Andy DeVries discuss Pacific Gas & Electric’s upcoming emergence from bankruptcy and the implications for new and legacy creditors.
CreditSights' Senior US Insurance Analyst, Josh Esterov, frames the impact of COVID-19 on the insurance sector, and talks to lessons learned from prior epidemics and the global financial crisis.
CreditSights' Senior US Consumer Analyst, Jim Dunn, discusses the recent financing deals in the Hospitality sector, and talks to how investors find comfort in lending to one of the hardest hit sectors in the COVID-19 crisis.
CreditSights’ Head of US Financials, Jesse Rosenthal, recaps the recent round of bank earnings. We discuss bank reserving, CECL implementation, the yield curve, and bank dividends.
CreditSights’ Co-Head of Investment Grade, Erin Lyons, discusses our outlook for US IG credit. We discuss Fed interventions, market technicals, and the economy under shelter-in-place policies.