Credit Monitor: Too Much, Too Far, Too Fast?

If you're looking for evidence that the general tenor (readers will hopefully appreciate the pun) of markets in the new year is perhaps more forgiving than it should be considering the Fed's avowed intention to raise rates further into restrictive territory and hold them there, you might point to robust corporate issuance. US high grade sales were a very respectable $154 billion in January, when both new issue concessions and bid-to-covers were indicative of strong demand. "Increased issuer con