Optimism is Blooming: As spring takes shape, public markets are showing early signs of relief, with high yield spreads tightening and sentiment turning more constructive. The stage is set for private markets to move in step. Even though no Fed cuts are expected through the remainder of 2026, the tone entering Q2 feels more encouraging than at any point this year.
- The Snow has Thawed: High-yield spreads have tightened meaningfully in the first half of April, in a sign that credit markets are pricing in de-escalation in Iran.
- A Turn in the Weather: In the middle-market, weather conditions remain mixed but optimistic undertones may bring seasonal rejuvenation.
Connect with Our Team
- Jonathan Zucker, Managing Director, Head of Capital Advisory, jzucker@Intrepidib.com
- Boris Zikratov, Director, Capital Advisory, bzikratov@Intrepidib.com
- Stephen Senior, Associate, Capital Advisory, ssenior@Intrepidib.com
- Anish Balabhadra, Analyst, Capital Advisory, abalabhadra@intrepidib.com
- Sam Nielsen, Analyst, Capital Advisory, snielsen@Intrepidib.com