Alvaro Vargas Llosa | Thursday May 16, 2019 at 10:45 AM PDT
Corporate debt was not one of the big culprits of the financial crisis a decade ago. But it might well be next time around.
Corporate debt was not one of the big culprits of the financial crisis a decade ago. But it might well be next time around.
On August 24, I posted some data and analysis on yield curves for high-grade corporate bonds since the beginning of 2008, seeking to determine whether changes in these curves are consistent with the hypothesis that the current economic crisis has given rise to regime uncertainty. If it has done so, the yield curves should...
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