surely many people know, that in May the issuance of debt obligations with fixed income was perhaps not very impressive. markets are closed, no demand, our suggestions, as a result – no activity. the dynamics of the issuance of obligations is in this short overview video.
but in the USA, due to the decline in Treasury rates, large companies can afford to borrow long-term money at record low interest rates.
By the way, remember the situation with GE. according to Paulson and Lowenstein (it might have seemed about the second), then at GE they just yelled at 2008 about that, that they have no access to funds, because comicshall pipers froze, and as they asked (OK, insisted) do something to help them, bypassing that, that they are not a finance company.
and since such a dance,
separation of proprietary and banking business gives nothing to anyone, for the 'real economy" which everyone cries about (especially with us)), financed on the market, not in the bank. maybe the situation will change in part, but what money market funds, what commercial IOU, all this will remain.