US and European junk-rated firms have meaningful exposure to central bank rate hikes. One reason is leveraged loans (floating-rate coupon).
thedailyshot.com/2022/11/23/us-…
Pairs well with Chartbok Newsletter #174 on corporate debt risk in Eurozone.
adamtooze.substack.com/p/chartbook-17… https://t.co/wKgH1I1Zvu
Iraq a giant oil exporter with $100bn in reserves is desperately short of cash dollars because Baghdad and US authorities
March 27, 2023
Iraq a giant oil exporter with $100bn in reserves is desperately short of cash dollars because Baghdad and US authorities want to crack down on