Schwab's Jones: Issuance Waiting for Yields to Fall

The transcript discusses the current state of corporate issuance, highlighting that many companies are waiting for yields to decrease before refinancing. It explores the impact of rising interest rates on high yield and bank loans, noting potential risks of recession if the Federal Reserve acts aggressively. The conversation also touches on global market dynamics, including currency fluctuations and the potential for a global tightening cycle.

In what ways might an inverted yield curve affect economic indicators?

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What implications does a global tightening cycle have for financial markets?

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