Bond Bubble Insanity: $1 Trillion In IG Issuance In 2020; $1.1 Trillion In Downgrades
Wed, 05/20/2020 - 10:48
The bubble spawned by the Fed in the corporate bond market this year - which was already at unprecedented levels thanks to record low interest rates before Powell's March announcement he would backstop the bond market and buy investment grade and fallen angel bonds - is nothing short is staggering.
Consider this: on Tuesday, total new investment...
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