Andreas Faeste, Author at BREAKWATER ADVISORY

29 Oct 2017 Voya Senior Loan Group – ‘Talking Points’ – Steadily Awaiting Earnings

Posted at 10:54h

It was a relatively uneventful week in the US loan market; activity remained steady and technicals reasonably balanced, with most investors eyeing a ramp-up in Q3 earnings reports.

08 Oct 2017 Voya Senior Loan Group – ‘Talking Points’ – Staying Keen on Loans (includes September in Review)

Posted at 15:14h

'Staying Keen on Loans' - Demand from a variety of market participants drove a total return for the Index of 0.16% for the week

30 Sep 2017 Voya Senior Loan Group – ‘Talking Points’ – A Steady End to a Busy Quarter

Posted at 15:32h

Buoyed by healthy secondary trading activity, the S&P/LSTA Leveraged Loan Index posted a total return of 0.08% for the week.

29 Sep 2017 Fixed Income Perspectives – The QE Shoe Drops: Now What?

Posted at 15:28h

The Federal Reserve will begin reducing its holdings of Treasury and agency mortgage securities in October. Reduction will start at $10 billion per month, gradually rising to a maximum of $30 billion. The Fed is keeping the door open for a December interest rate hike.

23 Sep 2017 Voya Senior Loan Group – ‘Talking Points’ – M&A Picks Up

Posted at 07:27h

The loan market maintained its faster pace this week amid generally steady market technicals.

16 Sep 2017 Voya Senior Loan Group – ‘Talking Points’ – Picking Up The Pace

Posted at 14:58h

Loan market activity remained steady this week as business continued to pick up after the U.S. Labor Day holiday. The S&P/LSTA Leveraged Loan Index gained 0.04%, while the average bid for the asset class slipped three bps, to 97.92.

09 Sep 2017 Voya Senior Loan Group – ‘Talking Points’ – Back to Work (includes August in Review)

Posted at 09:50h

'Back to Work' - The loan market kicked back into gear last week after its late summer siesta and the U.S. Labor Day holiday.

22 Aug 2017 Fixed Income Perspectives – Balance Sheet in Focus, Tightening Still On Horizon

Posted at 16:36h

Market expectations for another hike this year have fallen below 40%, but recent economic data keep the door open.

19 Aug 2017 Voya Senior Loan Group – ‘Talking Points’ – Working for the Labor Day Weekend

Posted at 13:12h

While August is typically a slower month in the loan market, primary market activity was enough to put some downward pressure on the secondary market this week, as managers made room for new issues.

11 Aug 2017 Market Insight – LIBOR in Limbo?

Posted at 13:17h

The U.K.’s Financial Conduct Authority (FCA) has recently set the market abuzz with its announcement that it will no longer require banks to submit quotes for LIBOR rates in sterling by the end of 2021. The FCA also recommended that the market stop using LIBOR as a benchmark. Voya Senior Loan Group Co-Heads Jeff Bakalar and Dan Norman establish a framework of “what’s what” to help investors understand this development, including what is known at this point and the potential implications for the senior loan and CLO markets.

Author: Andreas Faeste