They said it

“Ironically, the better the yield prospects for floating rate assets in a rising SOFR environment, the more tempting to wait for even better returns down the road”

Taken from the Lead Left, a weekly digest penned by Randy Schwimmer, senior managing director and co-head of senior lending at Churchill Asset Management

First look

S&P finds defaults on the up
Ratings agency S&P Global counted 21 rated corporate defaults in the second quarter of this year, accounting for $28.5