WSJ: The World’s Appetite for Debt is Smashing Records
"…the Institute of International Finance recently said global debt had risen $15 trillion to $272 trillion —a record 365% of world gross domestic product."https://t.co/crqCrAaED0 pic.twitter.com/TbDqmIzewl
— M/1_LP (@MI_Investments) November 30, 2020
Investment-grade credit ratings have issued more than $1.4 trillion of debt this year, up 54% over the same period in 2019.
U.S. junk-bond issuance has soared 70% to $337 billion, Refinitiv data shows.
— Daniel Lacalle (@dlacalle_IA) November 30, 2020
Another hefty net inflow of retail cash ($1.2B last week) into US #highyield mutual funds and ETFs. YTD that's a $40B inflow. Assets at US HY funds now stand at $275B, the most ever, per Lipper. pic.twitter.com/za6WZpmujm
— Leveraged Loans (@lcdnews) November 30, 2020