FTSL News and Press, First Trust Senior Loan Fund From 05/10/23

2023-05-10 23:20:00 ET Summary The Fed’s latest survey of banking institutions reveals tighter lending standards with weaker loan demand. The Fed’s Q2 SLOOS summary, released on Monday, revealed tighter lending standards for almost all categories of borrowers while d...

2023-05-09 02:04:00 ET Summary The S&P regional bank index is now down -34% year to date and discussions of a credit crisis are running rampant. Rising rates make it more expensive to borrow and are intended to reduce inflation through reducing demand for new credit issuance. ...

2023-05-07 04:56:00 ET Summary Higher central bank policy rates have increased the cost of capital for corporations and other issuers of debt. Issuers of bank loans, the very large majority of whom are below-investment grade rated companies, are now facing all-in interest expenses...

2023-05-05 02:45:00 ET Summary As bond yields rose in 2022, investors sought refuge in high-yield bank loans, whose floating coupons are often heralded as an antidote to rising rates. But with conditions shaping up differently in 2023, bank loans may face challenges. We think ...

2023-04-28 02:00:00 ET Summary The Fed only holds government-backed Agency MBS where the taxpayer carries the credit risk, not the Fed. The FDIC bridge banks have been and still are the largest of the bank liquidity support programs. Treasury notes and bonds roll off the balan...

2023-04-24 14:55:51 ET First Trust Senior Loan Fund ( NASDAQ: FTSL ) - $0.2850 . 30-Day SEC Yield of 7.73% as of March. 31. Payable Apr 28; for shareholders of record Apr 24; ex-div Apr 21. For further details see: First Trust Senior Loan Fund declares monthl...

2023-04-23 07:41:00 ET Summary The sudden collapse of two US regional banks and the forced acquisition of Credit Suisse in Europe introduced a third dimension to the existing policy dilemma of balancing inflation and growth objectives: financial stability. In the weeks since banki...

2023-04-11 04:38:00 ET Summary The employment report came out on Good Friday when the stock market was closed, but the futures market did trade for another 45 minutes after the report came out. There has been a sharp decline in Commercial and Industrial loans, in addition to the f...

2023-03-28 21:52:00 ET Summary If the recent crisis of confidence was created by bigger concerns about inflation and sharp moves in rates, the focus now is more on Alpha, the issuers in credit markets. Another drag on bank risk comes from the US regional banks. Significant vol...

2023-03-25 02:50:00 ET Summary On March 22, the U.S. Federal Reserve (Fed) hiked interest rates by 25 basis points to curb inflation despite turmoil in the banking industry. While the full impact of the turmoil in the banking industry and the Fed’s response is still unknowa...