{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"Japan is buying MASSIVE Amounts of Junk Credit","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/92fc64c1\"></iframe>","width":"100%","height":180,"duration":1201,"description":"Japanese banks have been bulking up on US junk corporate credit for the last year, driven entirely by an increasingly difficult reach for yield. That means overlooking dangers and risks which in other less distorted times would have been taken more seriously. The end result is a large and growing distortion in a key part of the credit markets.\nEurodollar University's Money & Macro Analysis\nBank of Japan Financial System Report October 2019\nhttps://www.boj.or.jp/en/research/brp/fsr/data/fsr191024a.pdf\nVanEck Looking Beyond AAA Rated CLOs Pays Off\nhttps://www.vaneck.com/us/en/blogs/income-investing/looking-beyond-aaa-rated-clos-pays-off/\nDeutsche Bank What impact is 'higher for longer' having on the CLO market in 2024\nhttps://flow.db.com/trust-and-agency-services/what-impact-is-higher-for-longer-having-on-the-clo-market-in-2024\nBloomberg A $1.3 Trillion Fund Pool for Junk-Rated US Firms Has Unlikely Lifeline: Japan's Banks\nhttps://www.bloomberg.com/news/articles/2023-04-20/the-1-3-trillion-clo-market-grows-more-dependent-on-japan-banks\nhttps://www.eurodollar.university\nTwitter: https://twitter.com/JeffSnider_EDU\nEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.\nSign up below:\nhttps://event.webinarjam.com/channel/rates","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}