If the global economy was truly getting better, interest rates would be rising to sane levels, there's be no neg. yielding debt and central bank balance sheets would be shrinking not expanding. 11 years into this farce of a 'recovery', and QE has morphed into a taperless Ponzi pic.twitter.com/bhX3UjkXDk
— M/I_Investments (@MI_Investments) January 17, 2020
US HY bonds are outperforming, led by single-Bs , lower rated bonds were bid over the period, CCC is still the bucket that investors stay away from (for now) pic.twitter.com/syJq6lMmMg
— 𝕮𝖍𝖎 🛢️ (@chigrl) January 25, 2020
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