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PIMCO Warns of “Cracks” in Debt Market, Forcing Borrowers into Financing Dilemma

Investors and corporate borrowers may be entering a more punishing phase in fixed-income markets after PIMCO publicly flagged emerging “cracks” in the debt market, highlighting stresses in direct lending and asset-based finance. According to the firm, borrowers now must make critical trade-offs between access, pricing, and covenant flexibility. Christian Stracke, President of PIMCO, expressed caution […]