Asset Classes

Corporate Bond

Plural Name
Corporate Bonds
Parent Asset Class

Corporate bonds are debt issued by companies in order to raise money.

  • Can come in many forms
  • Typically require ongoing interest payments (2x/year) and principal repayment when the bond matures



US Corporate Debt Cycles

  • The % of US Corporate Debt / GDP tends to go up and down along with the economic cycle
  • Us Corporate debt rose 80%+ since the 2008 Financial Crisis (2019)
  • Us Corporate debt hit 45% of GDP (2019)
  • US Corporate debt  / GDP Peaks in: ~1990, 200, 2009, 2019???
  • US Corporate debt / GDT Troughs in:  1992, 2005, 2010, ???