They can not get no sleep
Oct 17, 2022
The US credit market starts to show sign of stress due to the increasing rates. Issuance of high yield bonds has been drying up over the last months and has almost come to a full stop. Issuance of investment grade bonds is also slowing. For the corporate world in need of credit, the tightening of monetary conditions by the Fed is rapidly becoming a clear and present danger that must keep many CEOs and CFOs awake at night once they need (re)financing.