$2 Trillion In A Pandemic? Corporate America’s 2020 Debt Binge Has No Precedent

$2 Trillion In A Pandemic? Corporate America’s 2020 Debt Binge Has No Precedent

No, really. "Investors really can't get enough high-grade corporate bonds," Bloomberg's James Crombie wrote late last week, just hours before the latest Lipper data showed another $7 billion poured into investment grade funds in the week to October 7. It was the 26th consecutive weekly inflow. Junk funds took in more than $4 billion, snapping a two-week streak of outflows that coincided with a wobbly US equity market in September. Demand for corporate credit -- especially investment grade b
Subscribe or log in to read the rest of this content.

6 thoughts on “$2 Trillion In A Pandemic? Corporate America’s 2020 Debt Binge Has No Precedent

  1. To me it’s pretty clearly a flight to safety play with many worried about BBBs being downgraded. Like you pointed out demand is there for high grade companies, not so much though for everyone else.

      1. Right, bc hedge funds can get that interest and sell the bonds before the insolvency wave. Thus demand in junk, BUT the demand dropping off will probably indicate we are near that negative wave, wouldn’t you agree?

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints