Credit is one of many overvalued markets and the technology sector is particularly risky, according to Richard Bernstein Advisors. “We’re kind of in an everything bubble at the moment,” Mike Contopoulos, the firm’s deputy chief investment officer, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Robert Schiffman in the latest Credit Edge podcast. “Tech is going to come back down to earth a little bit this year,” said Contopoulos. RBA, which invests across asset classes via exchange-traded funds, has no exposure to corporate credit. They also discuss value in collateralized loan obligations, mortgage-backed securities and Europe.

Credit is one of many overvalued markets and the technology sector is particularly risky, according to Richard Bernstein Advisors. &ldquo;We&rsquo;re kind of in an everything bubble at the moment,&rdquo; Mike Contopoulos, the firm&rsquo;s deputy chief investment officer, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Robert Schiffman in the latest Credit Edge podcast. &ldquo;Tech is going to come back down to earth a little bit this year,&rdquo; said Contopoulos. RBA, which invests across asset classes via exchange-traded funds, has no exposure to corporate credit. They also discuss value in collateralized loan obligations, mortgage-backed securities and Europe.

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge by Bloomberg Intelligence

Inside ‘the Everything Bubble’ With RBA

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Mortgage-backed securities look attractive even after government purchases snapped spreads tighter, according to Clark Capital Management. “I don’t think the trade is completely over yet because corporates are even tighter,” Oliver Chambers, head of fixed income for the firm’s separately managed accounts, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Erica Adelberg in this episode of the Credit Edge podcast. “You can go in and clip a 4.5% coupon and have potential for some price appreciation if rates do come down,” says Chambers. They also discuss technology debt risk, the market impact of new leadership at the Federal Reserve and what the central bank would do if there’s a big selloff.

Mortgage-backed securities look attractive even after government purchases snapped spreads tighter, according to Clark Capital Management. &ldquo;I don&rsquo;t think the trade is completely over yet because corporates are even tighter,&rdquo; Oliver Chambers, head of fixed income for the firm&rsquo;s separately managed accounts, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Erica Adelberg in this episode of the Credit Edge podcast. &ldquo;You can go in and clip a 4.5% coupon and have potential for some price appreciation if rates do come down,&rdquo; says Chambers. They also discuss technology debt risk, the market impact of new leadership at the Federal Reserve and what the central bank would do if there&rsquo;s a big selloff.

The Big MBS Trade Has Legs Even After Government Buys, Says Clark

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Technology companies flooding debt markets are just getting started on funding a $4 trillion artificial intelligence boom, according to Bloomberg Intelligence. “This is the tip of the iceberg,” Robert Schiffman, BI’s senior tech credit analyst, tells Bloomberg News’ James Crombie in this special episode of the Credit Edge podcast. “A lot will depend on at what pace industries are embracing AI technologies,” adds Anurag Rana, a senior BI equity analyst who also covers the sector. BI expects AI capital expenditure to exceed $4 trillion in the US through the end of 2030. The trio also discuss the impact of surging bond issuance on credit spreads, the appeal of very long-dated debt in a sector susceptible to disruption and the biggest risks for this year.

Technology companies flooding debt markets are just getting started on funding a $4 trillion artificial intelligence boom, according to Bloomberg Intelligence. &ldquo;This is the tip of the iceberg,&rdquo; Robert Schiffman, BI&rsquo;s senior tech credit analyst, tells Bloomberg News&rsquo; James Crombie in this special episode of the Credit Edge podcast. &ldquo;A lot will depend on at what pace industries are embracing AI technologies,&rdquo; adds Anurag Rana, a senior BI equity analyst who also covers the sector. BI expects AI capital expenditure to exceed $4 trillion in the US through the end of 2030. The trio also discuss the impact of surging bond issuance on credit spreads, the appeal of very long-dated debt in a sector susceptible to disruption and the biggest risks for this year.

 Tech Debt Binge Is Just Getting Started

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Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. “There’s a level of discount in these stressed credits that we haven’t seen for a number of years,” Jackson Craig, who co-heads the credit-focused arm of H.I.G. Capital, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tim Riminton in this episode of the Credit Edge podcast. “The dislocations that are occurring and the discounts that original lenders are willing to take to shed troubled assets has grown,” says Craig, who focuses on distressed debt. They also discuss private credit defaults, trouble in the chemicals sector, forced selling by collateralized loan obligations and how liability management is adding pressure.

Corporate loans signed when rates were low are increasingly hitting a wall as they come due, according to H.I.G Bayside. &ldquo;There&rsquo;s a level of discount in these stressed credits that we haven&rsquo;t seen for a number of years,&rdquo; Jackson Craig, who co-heads the credit-focused arm of H.I.G. Capital, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Tim Riminton in this episode of the Credit Edge podcast. &ldquo;The dislocations that are occurring and the discounts that original lenders are willing to take to shed troubled assets has grown,&rdquo; says Craig, who focuses on distressed debt. They also discuss private credit defaults, trouble in the chemicals sector, forced selling by collateralized loan obligations and how liability management is adding pressure.

Distressed Buyer H.I.G. Sees Most Loan Distress in Years (Podcast)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f4cc8402-e16e-4503-a4a6-b3e80114df18/transcript

Inside ‘the Everything Bubble’ With RBA

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