Stress in US private credit markets is unlikely to trigger a broader liquidity crisis across the financial system, although indirect transmission risks are increasing as the sector becomes more interconnected with traditional finance, according to Deborah Cunningham, CIO of Global Liquidity Markets at Federated Hermes.
Writing in a Reuters commentary piece, Cunningham said concerns around private credit contagion remain contained for now, particularly given the resilience of money market funds a...
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