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Credit Rejection Rates Rise in 2024 

According to a Federal Reserve Bank of New York report based on consumer surveys, credit rejections rose to 21% this year (from 20.1% in 2023), well above pre-pandemic levels. Rejection rates increased the most for individuals with...

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CLO Demand Leads to Development of ETFs 

The Wall Street Journal writes that collateralized loan obligations (CLOs) have seen significant issuance growth this year, reaching around $147 billion compared to $87 billion last year. The appeal lies in their higher yields compared to...

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