Have Central Bank Interventions Permanently Repriced Corporate Credit? (January 9, 2023)

In the early days of the pandemic, the Fed responded to severe
market dislocations by announcing new corporate bond buying
programs to stabilize the market. That choice has now led
investors to question whether the Fed’s support of the market
could be implied in future crises. Steven Friedman and Michael
Depalma of MacKay Shields have recently published groundbreaking
research on this question. Lauren Goodwin hosts Mr. Friedman on
the show to share their conclusions.