Colleen is the Head of Global Taxable Credit Research at Vanguard, a community of 30 million who think—and feel—differently about investing. She has experience in credit analysis, high yield bonds, leveraged loans, CLOs, and mutual funds.
(Bloomberg) -- From New York to London, a key part of the credit market is shrinking. Most Read from BloombergUS-Saudi Oil Pact Breaking Down as Russia Grabs Upper HandUS Arrests 21-Year-Old National Guardsman in Classified Documents LeakPBS Joins NPR in Quitting Twitter Over State-Backed LabelArnault's Wealth Soars to $210 Billion, Leaving Musk in the DustJPMorgan Calls Managing Directors to Office Five Days a WeekThe amount of US junk bonds fell 11% from its peak in October 2021 to $1.41 trill
The biggest driver is the impact of the leveraged loan and private credit market which has seen a lot of volume.