Marketplace All-in-One Global jitters over private credit
Feb 27, 2026
Christopher Lowe, FHN Financial chief economist, gives quick market analysis on private credit strains and the move into Treasuries. Sonny Beal, a Maine lobsterman and association board member, talks lobster season trends, regulations, and family fishing traditions. Nancy Marshall-Genzer, Marketplace reporter, covers Anthropic’s standoff with the Pentagon over military use terms.
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Private Credit Turmoil Drives Flight To Treasuries
- Global investors fled to U.S. Treasuries after problems at London-based private lender MFS signaled broader private credit stress.
- MFS allegedly double counted collateral, banks pulled funding, yields on junk bonds rose while 10-year Treasury yields fell below 4%.
One Failure Suggests More In Private Credit
- Market participants fear contagion after Tricolor's auto subprime collapse and now MFS, prompting the view that one failure suggests more problems.
- Jamie Dimon's 'one cockroach' remark framed investor anxiety about hidden risks across private lenders.
Junk Spreads Reveal Credit Tightening
- Rising high-yield spreads signal lenders are retreating from risky credit, tightening access for borrowers in private markets.
- Christopher Lowe noted junk yields rising is a market-wide cue that credit supply to risky sectors will contract.