Fed’s QT Ghosts Are Haunting Powell
Bloomberg Businessweek
00:00
The Volatility of Corporate Margins
What is really driving the sort of exceeding expectations over the course of this year is that we already experienced a lot of volatility through 2021 and 2022. Most, I would say 50 to 60% of most companies total loans outstanding in the loan market are hedged. That being said, there's some companies that are completely unhedged. But most leverage companies raise liquidity well ahead of expectations and need.
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