Goldman's Himmelberg Says Leveraged Finance Market Is Robust

The video discusses current market volatility influenced by trade deal uncertainties and the Fed's concerns about leveraged lending and increased debt levels. It highlights the evolution of the private debt market, noting changes in covenants and the shift from traditional banking to private sector lending. The discussion also compares today's market conditions to those of the 2007-2008 financial crisis, emphasizing differences in investor behavior and systemic risks.

In what ways has the private debt market evolved in recent years?

What are the potential risks associated with the current credit market conditions?