“Now we are seeing signs that some companies have confidence they can get to the other side because they are issuing corporate bonds to pay down credit lines,” Hans Mikkelsen, head of U.S. investment grade credit strategy at Bank of America, wrote in a note.
Many corners of the credit markets are booming following a string of asset purchases by the Federal Reserve and direct lending schemes set up in conjunction with the Treasury Department.
That truly is the American way..
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