Slowdown, Leveraged Loan Surge, and Default Forecasts

This week, our 3 Things are:

1. Anatomy of slowdown. Risk markets are flying—how do we get to slowdown?
2. Leveraged loan surge. The market has rebounded from April’s freeze with a vengeance. Is it overheating?
3. KBRA’s default forecast. We’ll check in with Eric Rosenthal for his latest.