What Drove Recent Trends in Corporate Bonds and Loans Usage?

Jacob Bochner, Min Wei and Jie Yang
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Jie Yang: https://www.federalreserve.gov/econres/jie-yang.htm

No 2020-10-23-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2020-10-23
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-10-23-1

DOI: 10.17016/2380-7172.2789

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