Junk bond and leveraged loan issuers extend maturities, reminiscent of post-2008 “extend and pretend” strategy.

Sharing is Caring!

See also  Is Biden's media strategy aimed at avoiding the national spotlight?

Back in the days after the 2008 financial crisis we used to talk a lot about “extend and pretend,” or the idea that banks and mortgage servicers were modifying home loans to keep them afloat.

See also  The dwindling presence of small-cap stocks in the US market raises concerns reminiscent of the Great Depression.

www.bloomberg.com/news/newsletters/2023-06-16/it-s-the-return-of-extend-and-pretend?sref=frV97TwV

Troubled NYCB is not another Silicon Valley Bank. It’s worse.

www.marketwatch.com/story/troubled-nycb-is-not-another-silicon-valley-bank-its-worse-23e201a5

Views: 149

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.