From my earlier post this morning, I think this is one of the most important thoughts I have in the current environment…
“There has been a Fed induced recovery in the corporate bond market where Investment Grade bonds have seen a record level of new issuance. That is why we called the 04/09 Fed decision to potentially buy high yield corporate debt game changing, and protects against the worst-case scenario.
The corporate bond market is suggesting companies should survive, the U.S. Treasury market is suggesting it should take more time before they can actually grow.”
Sign up for more access!
Access additional content across the site when you sign up for an account.