Oaktree's Marks Weighs In on Big Tech Debt Sales

Howard Marks warned that "credulousness" is rising as Big Tech issues long-term debt, flagging increased risk-taking by borrowers and investors. His comment at a Bloomberg fireside chat suggests portfolio managers should reassess credit exposure to large tech issuers and consider duration and credit-quality risk.

Analysis

Howard Marks warned that "credulousness" is rising as Big Tech issues long-term debt, flagging increased risk-taking by borrowers and investors. His comment at a Bloomberg fireside chat suggests portfolio managers should reassess credit exposure to large tech issuers and consider duration and credit-quality risk.