What Drove Recent Trends in Corporate Bonds and Loans Usage?
Posted: 2 Dec 2020
Date Written: October 23, 2020
Abstract
U.S. nonfinancial business debt increased substantially in recent years in both absolute and relative terms and is now near its record high. Figure 1 shows that most of this increase was due to significant growth in investment-grade (IG) corporate bonds and institutional leveraged loans, while high-yield (HY) corporate bonds and C&I loans largely remained steady.
Suggested Citation: Suggested Citation
Bochner, Jacob and Wei, Min and Yang, Jie, What Drove Recent Trends in Corporate Bonds and Loans Usage? (October 23, 2020). FEDS Notes No. 2020-10-23-1 https://doi.org/10.17016/2380-7172.2789, Available at SSRN: https://ssrn.com/abstract=3740798
Jacob Bochner
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Min Wei (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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