Baker acknowledges rising real yields and widening credit spreads but argues companies may need less financing because operating cash flow is accelerating.
“@dampedspring Of course. Real yields going up and spreads widening is undeniable. I am saying we may need less credit than expected given a likely continued acceleration in operating cash flow.”
Baker acknowledges rising real yields and widening credit spreads but argues companies may need less financing because operating cash flow is accelerating.
“@dampedspring Of course. Real yields going up and spreads widening is undeniable. I am saying we may need less credit than expected given a likely continued acceleration in operating cash flow.”