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Credit markets, served like a morning brief—not a spreadsheet dump

credit.coffee is a credit-based newsletter: new issues, spreads moving for a reason, covenants worth reading, and the occasional desk story told with enough context that risk and research can actually use it.

Each edition is edited for clarity: who borrowed, what changed in documentation, and what a prudent desk would want to verify before size moves. It complements the simulation tools on General Exchange—same respect for evidence, fewer attachments, more signal.

Nothing here is investment advice or a solicitation. Subscriptions and editorial policies for credit.coffee are governed by the team behind that product; General Exchange hosts this page so learners and credit-curious investors can find the lane in one place.