For portfolio managers, what is leveraged finance is tied to spread dynamics. High-yield spreads narrowed 25bps in May as investor demand surged. This tightening suggests markets price in lower default risks over the next six months, aided by steady corporate earnings. Staking adds another benefit. By putting mtTokens into the staking module, users earn extra rewards in MUTM tokens. These rewards come from a system where a share of platform fees is used to buy MUTM on the open market and redistribute it to stakers. It’s a cycle designed to keep incentives flowing while creating steady demand for the token. “Chip’s specialized leveraged finance experience will elevate our capabilities in serving private equity sponsors and portfolio companies at the highest level,” Stephen Castro , the firm’s US Head of Finance, added. “As we begin to see a return to normalized M&A and financing activity, this is another strategic investment that ensures our finance practice has the talent in place to meet an increased demand.” For equity-linked debt strategists, what is leveraged finance is a tool to ride momentum. With emerging markets equities up 8% YTD, leveraged deals in LATAM attract global capital seeking diversification. FX stability adds to the case for aggressive leverage.