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Private Credit

Silver Creek Private Credit Market Update – Q2 2014

By 07/21/2014November 2nd, 2016No Comments


Continued complacency seemed to define the second quarter of 2014, with investors seemingly willing to assume that U.S. growth prospects will remain solid and that the Federal Reserve will manage any issues appropriately.  This view was evidenced by the continued downward march of volatility across multiple asset classes.  The VIX, a widely followed measure of volatility, (illustrated in Graph 1), dipped at the end of May to levels not seen since mid-2007.  Similarly, foreign exchange volatility (illustrated in Graph 2) hit 10-year lows, and interest rate volatility (illustrated in Graph 3) was 3 basis points off its 10-year low.

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