US companies near 2019 bond-issuance total with coronavirus binge https://www.ft.com/content/36e2cca2-2987-45ba-8003-2a6b8bc4a378 … via @financialtimes
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Replying to @HideNotSlide @FinancialTimes
So why does the Fed need to buy individual bonds?
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Replying to @mmlevine1 @FinancialTimes
It's the chicken-egg dilemma: did the issuance come BECAUSE the Fed was stepping in? Or in spite of it?
2 replies 0 retweets 1 like
The Fed & US Treasury also desperately need rates to be low so interest payments on both corporate debt and the national debt stay manageable
10:35 AM - 16 Jun 2020
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