Dominique Mielle on Luck and Resilience in Finance
Masters in Business
00:00
The Fed's Intervention in the Bond Market
The Fed has consistently used QE to rescue the bond market and with bigger and bigger purchases in more asset classes. The period of time where you have distressed bonds available has shortened, right? And second, it's shallow in the sense that the biggest distressed companies are very small historically. It's a lot harder when you've got, you know, a few 20 billion distressed situations to pick from.
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