Yield-chasing investors love well secured HY corporate debt. But 72 % new issuance in 2020 is 144A = privately placed -> limited to "qualified institutional buyers”. QIBs must have at least $100m of aum -> retail excluded from what are safest HY assets.
ft.com/content/5117f3… https://t.co/UubeHivMaW
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,…