Fixed + Floating - The Credit Podcast
Episodes
Big Market Delusion: Why Private Credit Is AI’s Biggest Loser | Aswath Damodaran (NYU)
23 Jun 2026
Contributed by Lukas
Each AI company can price itself on an internally consistent story about winning its market. Sum those stories and the implied revenues exceed any mar...
Distress in Auto Suppliers: Why Operational Fixes No Longer Work | Steiner (PWC) & Hauke (Willkie)
09 Jun 2026
Contributed by Lukas
A third of Europe’s auto suppliers now sit in the distressed zone, and the share has barely moved in two years. Thesector has stopped behaving like ...
Building Materials Credit: Heavyside vs Lightside, JELD‑WEN & the LME Wave | Andy Belton (Creditsights)
26 May 2026
Contributed by Lukas
US high-yield building products are a leveraged play on the US housing cycle dressed up across ten different tickers — and the concurrent distress i...
Significant Risk Transfer (SRT) Mechanics: Capital Relief, Tranching, and Cycle Risk | Frank Benhamou (Cheyne Capital)
12 May 2026
Contributed by Lukas
Significant Risk Transfers have quietly grown into a $1T+ hedged market — now bigger than European CLOs — and they sit at the centre of how banks ...
Liability Management in Software Credit: Covenant Erosion, Drop-Downs & the Xerox JV Maneuver | Sabrina Fox (Fox Legal Training)
21 Apr 2026
Contributed by Lukas
Covenant quality in leveraged loans hit 3.53 in Q1 2026 — the weakest Octus reading on record — while software credits carry the same documentatio...
Insurance Assets & Rating Arbitrage: Inside a $6T Credit Engine | Jakub Lichwa (TwentyFour AM) #10
24 Mar 2026
Contributed by Lukas
A three-notch downgrade on a zero-default portfolio can more than double an insurer's capital requirement.Read the full investment breakdown on Su...
The Invisible Tech Moat: How Secret Software Protects Monopolies | James Bessen (BU) #09
10 Mar 2026
Contributed by Lukas
The top 4 companies in most industries are actually less likely to lose their dominance today than they were 20 years ago. The popular narrative says ...
$40B in Software Loans Below 80 - Who Survives AI? | Alec Keblish & Matthew Hughes (9fin) #089
24 Feb 2026
Contributed by Lukas
40 billion of software loans are now trading below 80 cents — up from $25 billion a month ago. The AI sell-off isn't just an equity story.Alec K...
BDCs Deep Dive: Seaport's John Giordano on Redemptions, PIK Risks & BlackRock Marks
10 Feb 2026
Contributed by Lukas
BANKS FLED - BDCs TOOK OVER: Why Private Credit Exploded to $534B Josef Pschorn interviews John Giordano (Seaport Global Co-Head Credit Research) on B...
Why 7.9% Returns Beat 13.9% Yields: The "Fool’s Yield" Trap | Greg Obenshain (Verdad Capital)
27 Jan 2026
Contributed by Lukas
𝗪𝗵𝘆 𝗱𝗼 𝟭𝟯.𝟵% 𝗯𝗼𝗻𝗱𝘀 𝗿𝗲𝘁𝘂𝗿𝗻 𝗟𝗘𝗦𝗦 𝘁𝗵𝗮𝗻 𝟳.𝟵% 𝗯𝗼𝗻𝗱𝘀? ...
Global Chemicals Overcapacity: INEOS Deep Dive | Timothy Riminton (Bloomberg Intelligence)
13 Jan 2026
Contributed by Lukas
In this episode of Fixed + Floating, Josef Pschorn speaks with Tim Riminton, Senior Credit Analyst at Bloomberg Intelligence, about China's chemic...
Global Chemicals Overcapacity & Credit Stress | Timothy Riminton (Bloomberg Intelligence)
19 Dec 2025
Contributed by Lukas
The global chemicals industry is in turmoil—a potential structural reset from China’s capacity build-out, utilization dropping from low-mid 80s to...
The Bermuda Triangle of BDCs, Insurance & Private Credit — Jakub Lichwa (TwentyFour AM)
07 Dec 2025
Contributed by Lukas
In this episode of Fixed + Floating, we sit down with Jakub Lichwa, Portfolio Manager on the Multi-Sector Bond team at TwentyFour Asset Management, to...
The Rise of Shadow Defaults - Edward Altman (NYU)
23 Nov 2025
Contributed by Lukas
Ep 02: The Rise of Shadow Defaults - Edward Altman (NYU Stern)In this episode of Fixed + Floating, Josef Pschorn speaks with Professor Edward Altman, ...
Inside First Brands’ Collapse - Jared Muroff (Octus)
09 Nov 2025
Contributed by Lukas
Ep 01: Inside First Brands’ Collapse - Jared Muroff (Octus)In the debut episode of Fixed + Floating, Josef Pschorn unpacks the collapse of First Bra...
Inside First Brands’ Collapse - Snippet
09 Nov 2025
Contributed by Lukas
Inside First Brands’ Collapse - Snippet
Fixed+Floating - The Credit Podcast: Official Trailer
02 Nov 2025
Contributed by Lukas
Welcome to Fixed + Floating: The Credit Podcast! 🎙️Launching this November, Fixed + Floating brings institutional credit investors in-depth conve...