Goldman Sachs Sees ‘Uncomfortable Tension’ in Credit Markets
About this episode
Goldman Sachs discusses the current state of credit markets and the factors influencing corporate debt.
Robust demand from pensions and insurance companies will support corporate debt through macroeconomic headwinds and record supply, according to Goldman Sachs. “Spreads are tight to the prewar levels when the facts on the ground have unquestionably become more challenging,” Amanda Lynam, Goldman’s chief credit strategist, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Robert Schiffman in the latest Credit Edge podcast. “That is this uncomfortable tension that we have in the credit market,” Lynam says. “Sentiment around the yield-based buyer is really in the driver’s seat.” They also discuss the AI funding boom, private-credit risks, CCC underperformance and where to find value in structured products. See omnystudio.com/listener for privacy information.
People in this episode
Hosts: James Crombie, Robert Schiffman
Guest: Amanda Lynam
Topics covered
- credit markets
- corporate debt
- macroeconomic headwinds
- AI funding
- private-credit risks
- structured products
Keywords
- credit markets
- corporate debt
- Goldman Sachs
- AI funding
- private-credit risks
- structured products
- spreads
Mentioned in this episode
Organizations: Goldman Sachs, Bloomberg News, Bloomberg Intelligence
More episodes of The Credit Edge by Bloomberg Intelligence
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- Private Credit Has a Weak Underwriting Discipline Problem
- JPMorgan Is Wary of Another Big Leap in AI-Related Spending
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