The NCAA is…What, Exactly?
Slate Money
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The Rise of Spreads in Fixed Rate Debt
The default risk has not increased massively in fixed rate debt. So during 2020 and 2021, there was so much money flowing into the financial system that all of these companies refinanced. And what that meant is it we don't have a tremendous number of maturities in the next few years,. It's very challenging to default on maturities that don't exist.
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