US Commercial Bankruptcies Soar (Despite Rosy Scenario)

by Wolf Richter
Wolf Street

Up 51% since September!

The post-February euphoria in the US bond market has been a sight to behold, stirred up by NIRP and QE in Japan and the Eurozone. The ECB is beginning to buy corporate bonds, including euro-denominated corporate bonds issued by US companies. This is pushing larger amounts of corporate euro bonds into the negative-yield absurdity. And it has opened all kinds of credit doors in the US.

But beneath the market euphoria, reality continues to plod forward.

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