Odd Lots
The Credit Market Is Quietly Booming Again
Records are being broken.
Wall Street near the New York Stock Exchange (NYSE) in New York, US.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The market is not the economy goes the old adage. But of course, the market is not not the economy either.
With traders expecting interest rate cuts from the Federal Reserve sometime this year, a raft of financial assets are being repriced. That’s translating into real-life and helping to lower borrowing costs for some companies — even before the central bank formally moves to cut rates.