Wall Street Silver – Twitter, Released on 7/27/22
The high yield (junk) bond market is freezing up.
YTD Junk issuance lowest since 2008
This is the primary reason the Fed had to stop selling off their balance sheet in 2018 and halt rate hikes. The bond market didn't issue any junk bonds for 6 weeks. The Fed lost it's nerve. pic.twitter.com/Oz9WSD8qk6
— Wall Street Silver (@WallStreetSilv) July 27, 2022