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Now live! Explore the program for the upcoming 2024 Global Conference, taking place May 5-8, 2024.

May 3 at 2:30 pm PDT | Credit Is a Cycle

May 3 at 2:30 pm PDT | Credit Is a Cycle

After a year of record debt issuance, falling yields, and low default rates, has the credit cycle started to turn? Investors entered 2022 expecting interest rates to rise to tackle higher-than-expected inflation, but otherwise optimistic about the broader economic outlook. However, events in Ukraine and the resulting dislocation of global supply chains seems to have led to a repricing of risk. With a panel of leading credit experts, this session promises an illuminating discussion on the current credit market outlook.


Michael Milken
Chairman, Milken Institute


Michael Buchanan
Deputy Chief Investment Officer, Western Asset Management Company

Kathy Jones
Chief Fixed Income Strategist, Schwab Center for Financial Research

Lee Kruter
Partner and Head of Performing Credit, GoldenTree Asset Management

Giuseppe Naglieri
Partner and Co-Chief Investment Officer, Värde Partners

Michael Patterson
Governing Partner and Portfolio Manager, Direct Lending Strategies, HPS Investment Partners