The Business Times
business-time-50
COMMENTARY
·
SUBSCRIBERS

Private credit, meet higher-for-longer

google-preferred-sourceAdd BT as a preferred source
    • Higher interest rates bring higher investment yields but place pressure on borrowers. In such circumstances, senior lenders are in a safer position.
    • Higher interest rates bring higher investment yields but place pressure on borrowers. In such circumstances, senior lenders are in a safer position. ILLUSTRATION: PIXABAY

    Joe Zidle &

    Jonathan Bock

    Published Mon, Dec 11, 2023 · 06:00 PM

    FINDING opportunities over the past 18 months has been anything but easy.

    High inflation had the United States Federal Reserve hiking interest rates at its quickest pace in decades, and transitioning from quantitative easing (QE) to quantitative tightening (QT).

    Uncertainty about future rate hikes, economic growth and consumer strength turned the 10-year term premium positive. Ten-year yields reached new highs amid some of the most volatile swings in its recent history.

    Private creditInterest rates

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More