Goldman Sachs informs clients eager to short leveraged loans that their products are not yet ready.

Goldman Sachs Group has informed clients eager to short leveraged loans that the product they are developing for shorting this $1.4 trillion market is not yet ready. Goldman has been pitching total return swaps to hedge funds, a derivative product that allows clients to profit from a decline in loan prices without actually holding the underlying debt. As concerns grow in the market about the potential disruption of industries by artificial intelligence, software industry debt is being sold off, and investors are actively seeking profit opportunities. According to sources, Goldman has informed clients that the product is not yet ready for launch as they are still weighing other factors. Sources suggest that Goldman may need to pause the plan in order to further revise related documents. They also mentioned that the product has not been used in any transactions yet.