Investment-grade corp bonds have become a commoditized asset class, given Fed's $750 billion pledge to purchase a broad index of securities to support “market functioning” & provide direct financing as a last resort. -> yield falls below 2% for 1st time.
bloomberg.com/opinion/articl… https://t.co/ZjII4ZMOwX
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…