Get Used to Volatility: Issuers, Investors

Get Used to Volatility: Issuers, Investors

Economy & Policy Funds

The unwinding of once favorable borrowing conditions is likely to be a long and challenging process, investors and issuers say, though some are optimistic that opportunities for issuers will remain. “The provision of liquidity by the Fed has been unprecedented and long lasting. To reverse that, even if it’s going to be a multi-year process, is going to create volatility. Without trying to predict specific levels, it seems obvious this is going to be a long process,” Jim Barrineau, portfolio mana

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