Private Credit at $2 Trillion: The New Face of Corporate Lending
How private credit crossed $2 trillion in AUM—and why corporations are choosing direct lenders over banks in 2026.
fixed income
The Tariff Revenue Slump: A Warning Signal for Bond Markets
US tariff revenue fell 30% since October to $22 billion in March. Here’s what the shortfall means for the deficit, Treasury supply, and bond yields.
The Equity Risk Premium Has Nearly Vanished in 2026
With Treasury yields at 4.3% and stocks trading at 21x earnings, the equity risk premium has compressed to near zero. Here’s what that means.