Bloomberg Wall Street Week - July 7th, 2023
Wall Street Week
00:00
The Impact of the Higher Rate Environment on Corporate Debt
We do think we're in a bit of a higher for longer rate environment, which will pressure cash flows as well for corporate. Fixed rate bonds are a real asset right now in the current rate environment. As that base rates move from 1% to north of 5%, that's for businesses a lot. An incremental 400 basis points of cost of leverage on their debt stack has been pretty painful.
Transcript
Play full episode
