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48. Zed Francis - Will credit markets be tight or illiquid in 2023?
Mutiny Investing Podcast
Corporate Pensions - What the Heck Are You Talking About?
The March 2021 COVID-19 relief bill had a section 89B that really affected union pensions. So it was auto demand of new money, you know, being forced into those marketplaces. Another dramatic increase in demand over the last year is corporate, I mean, public pension, but corporate pensions are incredibly well funded. New issuance of corporate credit just goes up every single year since it became a real market in early 70s.
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