RISING FISCAL DEFICITS DRIVE BILLIONS INTO CREDIT
https://s.yimg.com/ny/api/res/1.2/JMViZTLrKt5MFYvr7vkZHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MjY-/https://media.zenfs.com/en/bloomberg_holding_pen_162/a8d87e389f04f5df6650589884993d62
✍️ Investors are shifting their focus from government bonds to corporate debt, citing concerns over US fiscal deficits and rising interest costs.
👉 Investors are pulling money out of government bonds and plowing it into US and European company debt 👉 US fiscal deficits are expected to rise due to tax cuts and increasing interest costs 👉 Corporate profits remain strong, and high-grade companies are generating enough earnings to easily pay their interest 👉 Corporate bond spreads are too tight to make them attractive to some market observers
-- #MichaëlNizard #GershonDistenfeld #DominiqueBraeuninger #JasonSimpson #AlexChi #NiiDodoo #ChristinaChan #SarahClassen #SarahCole #NathanFabius #US #Europe #China #Japan #Tokyo #Kyoto #business
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