Fed chart: Distribution of large institutional leveraged loan volumes by debt to EBITDA ratio.
Debt multiples over 6x are the highest ever while debt multiples of less than 4X are at their lowest ever. pic.twitter.com/WndwacJZGP
— Sven Henrich (@NorthmanTrader) May 7, 2021
"If the “data available” is not capturing the full scale of risks between the hedge funds and the mega banks and the broker dealers they own, then there is zero evidentiary support for the Fed to state that “Banks remain well capitalized.”t.co/GCXX9Z6QaY pic.twitter.com/JwjmvyFlZK
— M/I_Investments (@MI_Investments) May 7, 2021