Debt Covenants Explained: Affirmative, Negative, and Cov-Lite
Understand debt covenants: affirmative vs negative rules, financial maintenance tests, debt-to-EBITDA math, and why covenant-lite loans dominate modern credit.
Bruno M.
10-Year Treasury Hits 4.98% as $6B Buyback Demand Plunges
The 10-year Treasury yield neared 5% on Sept. 14 as Treasury’s expanded $6B buyback logged a record-low 1.7x cover, rattling debt markets ahead of the Fed.
Clarity Act Cloture Vote: What It Means for Crypto Stocks
The Senate readies a make-or-break 60-vote cloture vote on the Clarity Act. Here is what the compromise bill means for COIN, MSTR, and HOOD.
Level 2 Market Data Explained: Order Books and Market Depth
Learn how Level 2 market data, electronic order books, and market depth work. Understand the NBBO, price-time priority, bid-ask spreads, and liquidity traps.
Private Credit Divide: 12% of Small Loans Face Distress
Houlihan Lokey’s DataBank reveals a divide in private credit: distressed loans jumped to 12% for small borrowers while mega-cap direct lending holds firm.
Larry Ellison Cancels $7.5B Oracle Share Sale After 10-Q Drop
Larry Ellison canceled a plan to sell 50 million Oracle shares after SEC disclosures revealed the sale, as ORCL faces AI capex pressure and margin scrutiny.
Relative Strength and Momentum: Why Leadership Matters
Learn how relative strength and momentum identify market leaders, why institutional capital creates the momentum premium, and how to spot leadership.
Secretive Backer Vy Capital Unveils $46B SpaceX Stake
Dubai-based Vy Capital built a $46.4B stake in SpaceX across 271.8M shares, propelling its AUM past $50B alongside Elon Musk. Here is how the bet unfolded.
AI Slowdown Warning Hits Tech: Nasdaq Futures Drop 1.3%
Tech futures slid Sunday night as Anthropic’s Dario Amodei and a viral safety warning triggered fears of AI curbs, sending Nasdaq-100 futures down 1.26%.
Pre-IPO Shares: How Secondary Markets and Tender Offers Work
Learn how pre-IPO shares trade, how secondary markets and employee tender offers work, accredited investor rules, ROFR clauses, and key valuation risks.