Central bankers have spent years warning of the perils of excess corporate debt. But

But their solution to this year’s coronavirus storm in financial markets has led to even more of it

The mounting debt burden of businesses curtails policymakers’ room to raise interest rates, for fear of dramatically increasing refinancing costs. .

FT 8 August 2020

Another Rubicon crossed: a 10-year junk bond below 3%

FT 10 August 2020

Nice Chart


 

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