There were no junk bond issuances for 41 record days starting November 14, 2018, indicating a market seizure that forced the Fed to act because rising spreads, mass ETF redemptions, and illiquid collateral created a systemic financial stability crisis
factualpending
Speaker
Danielle DiMartino BoothEvidence Quote
“there was no junk bond issuance for 41 record days beginning November the 14th 2018... spreads blowing out in the high-yield market and there's mass redemptions in these exchange-traded funds... collateral backing them is trading by appointment only”
Created: 8/10/2026, 11:15:50 PM
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