Stop Worrying and Learn to Love the Debt Bomb with Tony Dwyer of Canaccord
RiskReversal Pod
00:00
Is the Fed Really Buying Corporate Debt?
Where would 10-year yields be if the Fed hadn't been doing the purchases you've been talking about for the last however many months it's been? Probably over a year and a half now. And we remember when COVID came in and they shut down the economy, we had no idea what the Fed and the government was going to do. Now we know the playbook. They will always buy corporate debt now. The guys printing the money can do it as long as we're a primary currency. Moral hazard. That scarred tissue. Open it up. It just keeps going.
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