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Private credit and hedge funds are flooded with loans as banks dump the debt

Average asset backed security yielded 5.5% on Thursday

Bloomberg News

US regional banks and finance companies are increasingly selling off their consumer loans as funding them gets harder and more expensive, flooding private credit firms and hedge funds with requests to buy the debt at a discount. Firms like Canyon Partners, Castlelake and Hyland Hill are seeing twice as many loans for sale now as […]

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