Risk Becomes a Safe Haven in Volatile Debt Market
  • January 25, 2025

Risk Becomes a Safe Haven in Volatile Debt Market

(Bloomberg) -- In today’s topsy-turvy credit world, risky bonds are outperforming safe ones in periods of volatility. The reason? An increasing focus on interest income, or carry in industry parlance.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan

Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say
  • January 24, 2025

Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say

NEW YORK (Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said. Banks expect to get 90 to 95 cents on the dollar, according to the Wall Street Journal, which first reported preparations for the sale.