The glaring instability of the world’s financial markets with interest rates soaring, global currency markets quivering as central banks aggressively tighten monetary policy to temper persistently hot inflation. That is the story line but in reality, the central banks are trying to catch up to bond markets and have lost control through years of loose policy. Inflation is supply driven, the result of political and central bank mismanagement who are all about shifting blame. Underwriters are sitting on debt while … Continue reading “Global Leveraged Loan and High Yield Markets at Standstill as Debt Sales Collapse”