Week InReview: April 21, 2023

let's recap...

Illustration: Midjourney | Financial Times

Analysts spot a red flag not seen since 2007 coming for the corporate bond market

Last month's banking drama means a technical tidal wave may be coming for the biggest slice of the $10 trillion market for corporate bonds. That's according to TD Securities, where analysts are predicting that banks' collective higher cost of funding will curb appetite for higher-quality credit and eventually force a spike in risk premiums. (Bloomberg Markets | Apr 19)

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