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🔔What is the actual impact of QE & interest rate changes?
QE and interest rates are slippery topics. So we've come to the conclusion that people must know what the actual impact of QE (quantitative easing) and interest rate changes is.
The reason the market doesn't go down is staring at us
Which textbook would tell you that credit spreads, especially in the high yield sector, would be lower at 5% interest rates than when they were at 1.5%?! It's insanity, right?