We recently hosted an online Drop-In session to discuss private credit and the risks to the macroeconomy and financial markets. (Recording available here.) This Update provides answers to some of the...

While investors are trying to pull funds away from private credit, there is little sign yet of any spillovers that might be forcing traditional lenders to tighten their credit standards.

The announcement that the Strait of Hormuz will be reopened has extended this month's dual rally in stocks and bonds. We think both rallies have further to run if things progress broadly in line with...

The manufacturing sector continues to struggle, with production down in March and little changed over the past year. However, tentative signs that foreign producers are investing to expand their US...