• Seth Golden posted an update 2 weeks ago

    Overall net leverage has risen for six straight weeks with a cumulative gain of +9.0 pts – the largest increase over any six-week period in more than five years – to 67.5% (79th percentile one-year). Recall prior to the recent increase, net leverage had ended May at the lowest level since Sep ’16. First time in a while both are above 12m average. Gross leverage and net leverage are +1.7 pt and +2.9 pts above their respective trailing twelve-month averages

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