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Michael Kao, CIO at Akadia Capital, compares recent and historical yield curves to address concerns over interest rate movements.
Kao highlights differences between current and past yield curve positions, referencing dates such as May 5, 2026, February 27, 2026, October 19, 2023, and September 18, 2024. He notes steepening in long-end yields over recent weeks despite continued market angst.
Kao has tracked other recent market developments at Akadia Capital. He previously noted that Eagle Point Credit traded above its March net asset value as CLO equity names gained. In another instance, Kao commented on challenges faced by Medallia following its leveraged buyout at the 2021 peak. The observations reflect his focus on credit markets beyond yield curve shifts.