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FTSE Russell

Will the Fed catch some of the falling angels?

Will the Fed catch some of the falling angels

The coronavirus shock, and enforced shutdowns, come after a period of high corporate debt issuance, in response to very low interest rates. Credit quality has fallen in recent years, judged by the share of BBB-rated bonds currently making up over 40% of the FTSE USBIG Index, and the share of ...

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