Despite massive Fed intervention, Fallen angel volumes (investment-grade corporate debt downgraded to junk) are now higher than in 2009.
Data from
@SoberLook https://t.co/gtzEyBtSDv
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from