From April 13 through Friday, companies such as Ford Motor Co., AMC Entertainment Holdings Inc. and SeaWorld Entertainment Inc. issued a combined $28 billion of speculative-grade bonds, the fourth-largest two-week total on record, according to LCD, a unit of S&P Global Market Intelligence.
The FED started buying junk bonds. Of course, the rich are front running them.
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To Help Businesses Borrow, Bank of Japan Will Pile On the Corporate BondsJapan’s central bank said it would nearly triple its holdings of corporate debt to $186 billion to ease fundraising for coronavirus-struck companies, and it forecast a sharp contraction in the country’s economy this fiscal year. Japan continues with its zombie economy, which has been stagnant for many years. What's the point of this tweet if there's a paywall for every damn article! 🙄
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