During the 2020 financial crisis, the Fed opened a facility to directly buy corporate credit (not just treasuries), a major policy shift that may have permanently narrowed corporate credit spreads by creating tail risk that the Fed will bail out credit markets
causalpending
Speaker
TylerEvidence Quote
“the FED started buying high yield bonds which is Japan move... they started to buy actual corporate credit which is crazy”
Created: 8/12/2026, 6:47:08 PM
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