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Pimco's Dan Ivascyn on the State of Markets Right Now
Odd Lots
What's Going on in the Credit Market?
The corporate credit sectors where there's the most excess. It's nowhere near the type of excess we saw in the mortgage credit markets leading up to the global financial crisis. Private credit markets, that always move a lot more slowly, have lagged, and lagged considerably. People still get nervous about housing trade related risk but they are well capitalized.
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