CCC bonds offer ~15% these days.
By S&P's numbers, more than one in four CCC issuers defaults within a year. 15% APR for taking the bet.
Meanwhile, you can get almost double that with Arbitrage by @boros_fi.
Delta neutral fixed yield, and no junk credits to underwrite.
Partners Group's Next Generation Infrastructure strategy is now live on Pendle as NGI+ (10 Dec 2026 maturity).
@partnersgroup manages $186 billion across private equity, infrastructure, private credit, real estate and royalties for institutional and private investors worldwide.
RWAfi means DeFi users have the opportunity to access TradFi yields for the first time.
It ALSO means TradFi have the opportunity to multiply their yield through DeFi composability.
Here's how @partnersgroup's NGI+ can access 3 mre layers of yield (up to 100% APR) on Pendle 👇
Pendle is now operating at unprecedented efficiency.
Emission is down 93% YTD.
For every 1 $PENDLE we spend, 10.4 $PENDLE gets bought back from the open market.
All this while, liquidity depth has grown ~40%.
$PENDLE emissions just hit a new all-time low, down 92% from the start of the year, against a target of 30%.
Buybacks now outpace new supply by ~10x:
🔹 0.2% annual inflation
🔹 2% annual buyback rate
