Why subscribe?

Fixed + Floating is a credit podcast for institutional investors and finance professionals — exploring the forces shaping global credit markets. Hosted by credit PM Josef Pschorn, the show features conversations with leading voices from investing, research, and academia.

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We analyze the technical mechanics of High Yield, Private Debt, and Distressed Situations — from covenant evolution and liability management to the impact of macro policy on credit cycles.

Each Substack post is the written companion to the podcast: transcripts, analytical frameworks, and the detail behind each episode — for institutional investors and credit analysts who want depth, not noise.