Tonight's rule:
Massive debt issuance on a sector - wide basis will usually have a slump following it, due to a capacity glut.
Not exact matches
I think over the past 10 years, due to the zero - interest - rate policies by the global central banks, we have had a
massive amount of
debt issuance that's occurred as investors had been encouraged to go out the curve or down the credit curve in order to seek income, seek yield.
Many high quality corporates won't have much
issuance over that same period; they will be scarce versus the
massive amount of government
debt to pay.
Since the financial crisis in 2008, GDP has only grown alongside
massive Treasury
debt issuance.