Media – Blog
November 3, 2026
A Growing Market, A Narrower Gate If it feels like venture lenders are becoming less ad-“venture”-ous, you may be onto something. Venture growth credit – large facilities extended to late-stage and pre-IPO companies – continue to account for an outsized share of venture debt dollar volume. These facilities are concentrated
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November 2, 2026
AI Concerns Reshape Rate Expectations The September rise in Treasury yields pulled back in October. A flight-to-quality bid emerged amid growing concerns about the sustainability of AI-related capital expenditures and a repricing of expectations for future Fed rate increases. This occurred despite higher-than-expected inflation readings and rising oil prices, suggesting
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October 29, 2026
Fed Holds, Markets Expect Hike in December As expected, the Federal Reserve left the federal funds target range unchanged at 3.75%–4.00%. The Committee upgraded its assessment of economic activity from “solid” to “strong,” while reiterating that “domestic spending has been resilient.” At the same time, it acknowledged that “inflation remains
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October 28, 2026
What the Walter Investigation Reveals About Private Credit and Insurance Risk. Key Takeaways The Walter Investigation: Delaware Life’s Affiliated Investments An insurer can own hundreds of investments and still depend on a small circle of borrowers. That is what makes the investigation into Mark Walter’s insurers relevant beyond his businesses,
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October 15, 2026
September CPI: Price Pressures Persist The September CPI report, released October 14th, showed higher prices across most major categories. Headline CPI rose 0.6%, in line with expectations, driven largely by higher energy prices. Core CPI increased 0.3%, matching August’s reading but exceeding expectations of 0.2%. On an unrounded basis, core
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October 2, 2026
A Slowing, but Stable Labor Market The September employment report showed slower-than-expected job growth, with nonfarm payrolls increasing by just 29,000 versus expectations of 90,000. In addition, the prior two months were revised down by a combined 60,000 jobs, including a notable revision to July, which was revised from a
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October 1, 2026
Fed President Williams: “No need for urgency” Comments from several FOMC members have remained hawkish, but it was recent remarks from New York Fed President John Williams that prompted a meaningful repricing in rate expectations. In a September 29th speech, Williams said, “If the economy evolves in a manner broadly
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September 15, 2026
Core CPI Strengthens Case for Rate Hike The August Consumer Price Index (CPI) came in above expectations at the core level, providing additional support for a potential Federal Reserve rate hike at its September 16 meeting. Core CPI is a key inflation gauge for both markets and the Fed, and
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September 9, 2026
Key Takeaways Introduction One of the biggest concerns for investors right now may be the rise in interest rates. The sell-off in long-term bonds dates back to 2021, but the recent reacceleration is catching market participants’ eye given the economic backdrop: For investors, the implications may extend beyond the bond
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September 2, 2026
Warsh Signals Hawkish Bias At the Jackson Hole Symposium, Fed Chair Kevin Warsh reiterated themes from his recent FOMC press conferences, emphasizing that inflation remains the Fed’s primary focus. He also used the speech to clarify several issues raised at the July FOMC meeting that had generated questions among market
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