US credit spreads hit lowest level this century after sharp rally
Investors warn credit markets are ‘weirdly confident’ despite threats to global economy
Related reading
US investment-grade credit spreads reach lowest level this century
Investor appetite for blue-chip debt remains strong despite a choppy week for stocks triggered by Trump’s tariff threats
Interest rates are normal, the world is not
Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable
US stocks fall as global bond sell-off deepens
Tech shares extend recent declines as rising debt piles in many major economies concern investors
Interest rates take fright
The market’s calm in the face of war is beginning to crack
US companies use hot markets to slash borrowing costs on risky loans
Repricing activity hits record high of $153bn in July in latest sign of investor optimism
The markets are silent — that is worrying
Investors are so stunned they can’t process the warning signs of a looming tail risk