Credit Pulse, July 2026
If you are expecting a piece about panic in credit markets, this is not it. Risk appetite is at its high for the year, in all three regions at once.
That is exactly why July deserves attention. Under the calm surface, the market quietly separated the borrowers who will not survive the new price of money from the ones who will. The split is the widest in years, and the best names did not move at all.
Who came apart, why it happened on a single day, and what would turn this into a real problem: the full analysis is for paid subscribers.
