Corporate bonds outstanding >$10T. Primary dealer inventory $33B -not a liquid market. When credit markets quiet & calm, it gives impression liquidity's fine, but if many want to sell, liquidity disappears. Even in quiet markets, finding a bond can take several days @apolloglobal pic.twitter.com/6tx1U6jNH6
— Danielle DiMartino Booth (@DiMartinoBooth) March 24, 2024
Up and to the right is corporate bonds outstanding…dealer inventory patient who got sick and flatlines on table…
— Danielle DiMartino Booth (@DiMartinoBooth) March 24, 2024
Global corporate #defaults have surged to their highest level since the Global Financial Crisis. 📉📈 pic.twitter.com/ND4LIUvoNs
— ICEBERG FINANCIAL (@iceberg_fin) March 18, 2024
Corporate bond defaults soared in 2023, signaling trouble for high-risk junk debt. With $1.8 trillion in debt maturing by 2028 and the Fed cutting rates, the $13.7T bond bubble may burst, risking the economyt.co/gSnIEDh2an
— SchiffGold (@SchiffGold) March 18, 2024
Follow-up on the wave of corporate debt defaults I spoke about below:
This is only going to get worse as we head into Q2. The maturity walls are getting larger & larger from here (276B with payments nearly doubling next quarter).
Eventually something substantial will break if… t.co/3KC3O0lbed pic.twitter.com/5JY57icBWx
— 𝕋𝕣𝕠𝕪 (@0xTroyTrades) March 16, 2024