Bond Voyage – Corporate Debt Signals Two Possible Paths Ahead

"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain" – Robert Frost

Chart of the Day Good morning! Last week, my colleague Hardika Singh wrote about the recent surge in investor demand for corporate bonds citing it as an example of general market optimism as a whole. She also suggested that "investors are keen to lock in higher rates now (even if it’s only barely higher) because they expect the new Fed chair to be dovis...

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