Bryan Krug – An Update on Corporate Credit - [Invest Like the Best, EP.161] - a podcast by Patrick OShaughnessy

My guest in this flash podcast is Bryan Krug of Artisan partners. We discuss what has happened so far in the corporate high yield and investment-grade credit markets, and the loan market. We compare today’s environment to the financial crisis and other past crises with lots of nuances that I hope will be helpful to bond and equity investors. Please enjoy.
For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshagShow Notes
1:08 – (First question) – An overview of what he covers in the corporate credit markets1:52 – How things have changed in the last couple of weeks
3:56 – Composition of the high yield market7:07 – Major sectors of the high yield market outside of energy
8:39 – How do they price the risk in securities right now11:21 – How do they handicap a great unknown
13:00 – Risk for broader contagion in the overall credit markets14:49 – What’s the downside potential here
16:31 – Potential for upside18:33 – How does he view companies that are drawing down on their entire line of credit
19:44 – An overview of the loan market20:42 – What warning signs equity investors should be watching for in the bond markets
21:57 – What do credit spreads look like today compared to before this crisisLearn More
For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on Twitter at @patrick_oshag

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