The FTX Trade That’s Tempting Oaktree and Baupost: Credit Weekly
- Also, BOJ-jolted buyers of Japan bonds ready to look overseas
- More support for China’s beleaguered property developers
Source: Bloomberg
This article is for subscribers only.
Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into what to expect in credit markets for the days ahead.
It will be months, if not years, before FTX’s customers know how much they’ll get back from the failed crypto exchange. But as Bloomberg’s Justina Lee and Rachel Butt reported this week, some of the world’s savviest distressed debt investors are already looking to make a play.