Waddle Street
Programs
  • All programs
  • Insight programs
  • What changed
  • Competitions
Networking
  • Contacts
  • Find people
  • Write a note
Prep
  • Learn
  • Drills
  • My answers
  • Markets
  • Resume review
  • Resources
Industries
  • Overview
  • Find your fit
  • Guides
Waddle Street
LearnDrillsMy answersMarketsResume reviewResources

Learn

Learn/Markets and products
LearnMarkets and products

0 of 7 lessons, sign in to save

B Basic

  • The map of markets7m
  • Equity and debt capital marketsPro9m
  • Interest rates and the FedPro10m
  • How to follow markets for an interviewPro7m

A Advanced

  • Credit spreads and the leverage cyclePro10m
  • The M&A and IPO cyclePro9m
  • Talking about a dealPro10m
  • FlashcardsPro0/26
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Credit spreads and the leverage cycle

A spread is the extra yield a lender demands over Treasuries for taking credit risk. When spreads tighten, debt gets cheap and plentiful and buyouts boom; when they widen, the deal market seizes.

This lesson is Pro

All 7 lessons in Markets and products, with checks as you read, two quizzes, and flashcards.

The first lesson of every track stays free.

Read the free first lesson

7 days of Pro. No card, nothing to cancel.