thanks for the heads up. Honestly not sure, but again thanks for the heads up. It could be ''private credit' has not been entirely truthful with the valuation of their loans (especially on net probability % recoverability).
Or it could be with the equity market tanking, some people are moving money out of high yield to buy normal 'equity' shares. With low liquidity this can have an outsized effect.
MXT Price at posting:
$1.98 Sentiment: None Disclosure: Held
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