Credit quality across the major segments of U.S. debt markets are solid and corroborate on-going economic strength. Lenders across capital markets, commercial banks, and private credit broadly indicate a slight deterioration in quality that is best understood as normalization from historically benign conditions. This is also reflected in a slight tick upwards in bankruptcy filings towards filing rates prevailing before 2020. Persistently high nominal economic growth suggests the benign conditions will continue as corporate cashflows […]