If we’re on the brink of a deepening default cycle, U.S. corporate debt hasn’t gotten the message.
If we're on the brink of a deepening default cycle, U.S. corporate debt hasn't gotten the message. Investors are demanding the least extra yield over rates to own the lowest-rated junk bonds since February, before the pandemic really took hold. pic.twitter.com/KQNWLW6NPm — Lisa Abramowicz (@lisaabramowicz1) October 21, 2020 No deflation with rising permanent joblessness spells … Read more