Oaktree, TCW and Sona Spot Opportunity in Market Turmoil
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Credit investors are looking to pounce on new opportunities resulting from the wild swings in global financial markets triggered by the US-China trade war.
Average spreads in the US high-yield bond market are about 419 basis points — lingering around the highest since late 2023 — while prices in the leveraged loan market have dipped to below 95 cents on the dollar since President Donald Trump’s announcement this week that the US was raising the tariffs on Chinese goods to 145%.