Companies hurt by the pandemic could end up paying investors a full percentage point more in interest to buy their bonds.
Some borrow less because they're optimistic, some because they're pessimistic and some because they're cautious.
The Federal Reserve is prepared to invest hundreds of billions of dollars in corporate bond ETFs to support businesses, and make it possible for these businesses to borrow during the Coronavirus downturn.
JPMorgan Chase and Citigroup are reporting weaker than expected earnings this week. Market volatility may have contributed to this as clients shy away from trading, which is a big part of banks’ business these days. Click the audio player above to hear the full story.