U.S. Debt Sales to Hit Record

The video discusses the dynamics of debt sales during the pandemic, focusing on the steepening yield curve and the reintroduction of Treasury auctions. It highlights the increased issuance of corporate bonds in Europe, driven by companies seeking liquidity despite low sales. The European Central Bank's interventions, including potential purchases of downgraded bonds, are also examined as factors aiding companies in accessing cheaper debt.

How has the ECB influenced the corporate bond market during the pandemic?

What are 'fallen angels' in the context of corporate bonds, and why might the ECB consider buying them?