"Credit risk has increased for small and medium-sized enterprises in particular, and they are more exposed than larger firms to tightening credit conditions once loan guarantees expire.” @ecb sounds alarm.
For a discussion see Chartbook Newsletter #4 at adamtooze.substack.com https://t.co/31FSn3zfW0
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
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