Corporate Bond Market Dysfunction During COVID-19 and Lessons from the Fed’s Response – Brookings Institution

Corporate Bond Market Dysfunction During COVID-19 and Lessons from the Fed’s Response – Brookings Institution

The investment grade corporate bond market, which performed well during the global financial crisis, did not perform during the COVID-19 crisis and required aggressive emergency response from the Federal Reserve. The corporate bond market is an important source of financing for companies. Non-financial corporations borrow more from the corporate bond market ($ 6.5 billion) than […]

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