{
  "docId": "019dd923-5e88-73ef-bd59-24eb70073ae3",
  "docSlug": "0ae7fc01f78df562",
  "documentTitle": "article thebeatmar2025",
  "authorId": "MorganStanley",
  "authorName": "Morgan Stanley",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 29,
  "pageCount": 60,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "Includes two line charts and two summary tables for bond market metrics.",
  "elementsJson": [
    "line_chart",
    "data_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-24eb70073ae3/29",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-24eb70073ae3",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-24eb70073ae3.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-24eb70073ae3#slide-29",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.55,
        "x": 0.037,
        "y": 0.27
      },
      "kind": "chart",
      "text": "Average Spread (bps)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0987e1c0-497a-4da4-a00a-3ccfa644136a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.55,
        "x": 0.037,
        "y": 0.56
      },
      "kind": "chart",
      "text": "Annual Default Rate",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7efc0202-1929-41b7-9231-1442fc8b6e64",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.925,
        "x": 0.037,
        "y": 0.86
      },
      "kind": "disclaimer",
      "text": "Past performance is no guarantee of future results. Source: J.P. Morgan and Leveraged Commentary & Data (LCD), as of 2/28/25.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "071e99f9-9291-4362-b94d-8036d009d3cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Average Spread (bps)",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-2e3a-7040-97e5-23cfba6c1cde",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.3,
        "x": 0.595,
        "y": 0.64
      },
      "kind": "table",
      "text": "Default rate data table for HY Corporate and Loans",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67dda30f-b2df-45c8-8241-60d2e27aa091",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.595,
        "y": 0.27
      },
      "kind": "table",
      "text": "Spread data table for HY Corporate, Loans, and IG Corporate",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0be0f2a-4330-4dc5-9142-6be3f29b6a98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.422,
        "x": 0.037,
        "y": 0.145
      },
      "kind": "title",
      "text": "Corporate Bond Market Update",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01b6827c-570b-44e0-8447-e94710707dd4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "692523a8-b8dc-4cff-a3c9-cccf8264cdbb",
      "evidence": "table/data: Spread data table for HY Corporate, Loans, and IG Corporate",
      "confidence": 0.9
    },
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "d099ba93-e8e7-4632-8dcb-7ff4a0571327",
      "evidence": "table/data: Default rate data table for HY Corporate and Loans",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 19,
      "beatId": "15027e03-41fa-4c81-a734-6d84d828bb66",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Visualization",
      "beatSlug": "monroes-sequence-visualization",
      "evidence": "The document presents various data tables, charts, and dashboards, helping to visualize the market landscape and portfolio performance.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}