Sponsored By Wayne Dahl, co-portfolio manager of Oaktree Capital, views global credit markets with a mixture of optimism and caution at a time when yields are high but the potential for economic ...

In theory, the Federal Reserve operates by tightening the supply of credit. Or at least making it more close. Yet so far, despite the rate hikes over the last year, the economy has remained resilient.

Private credit markets are under pressure from high interest rates, while excess demand is keeping spreads low, according to Wayne Dahl, co-portfolio manager for Oaktree’s global credit and investment ...