### Comment:
Corporate debt is worse leveraged than consumer.  
  
 When the big corps start fucking up their loans cause they are leveraged 5:1 debt to earnings it’s gonna be a bloodbath

### REPLY:
True. The fact a BBB corp just issued a whopping $15bln in bonds earlier this week with $3.5bln of that in 10.5yr bond at a spread of only +155bps says something to me. That means they’ve locked in a coupon of just 4.375% til 2029 - and the crazy part is demand was thru the roof bc investors don’t have many other places to get a decent return. So they just keep buying these new debt issues. And this has been non stop for 5-6 years. Don’t get me started in HY credits...

### END.