6 Comments
Apr 6, 2023Liked by Ben Lilly, TD

"Meanwhile, U.S. corporate bond issuance has declined since 2021. The total amount issued in 2021 was $1.96 trillion. In 2022, that number was down to $1.36 trillion, a 30% drop."

Remove free money from the equation and the entire scam unravels. Great morning read, thanks guys

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Guys, there is a regime change afoot. You need to inverse the CS chart. The market views holding company debt (regardless of its quality) as a safer investment than sovereign debt, particularly U.S. debt

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