A number of indicators suggest the prolonged regime of higher interest rates has been taking its toll. US chapter 11 filings surged 39 percent in the first half of the year, according to bankruptcydata.com, while bankruptcies in Canada jumped 70 percent in the period, per the Office of the Superintendent of Bankruptcy.
Are we nearing a credit cycle downturn?
A plethora of pressures point to challenging times for some parts of the private debt market.
