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Behind the corporate bond market's $10.5 trillion debt 'bubble'

U.S. companies now face the highest levels of debt on record: more than $10.5 trillion, according to SIFMA and the Federal Reserve. Super-low interest rates left over from the 2008 financial crisis have made borrowing easier and easier. Since then, U.S. companies have regularly offered up bonds for sale, taking advantage of the cheap access to cash. Here's how the corporate bond market got to these "bubble" levels and just how risky this massive amount of debt may be to the U.S. economy.
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Fri, Mar 12 20211:50 PM EST