疫情后全球公司债券市场初步评估
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全球宏观投资
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- 致敬凯恩斯、索罗斯、利佛摩尔
- 几个基本结论如下：
- Key takeaways • Corporate funding markets partially resumed after seizing up in mid-March 2020 – but at much higher spreads and with sharper sectoral differentiation. • In March, wide spreads for highly rated energy firms pointed to significant downgrade risk. • Post-GFC leverage build-up amplified the damaging effects of fina
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