We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative … easing (QE). Prospective fallen angels - risky firms just above the IG rating cutoff-enjoyed subsidized bond financing since …

issuers. Nevertheless, the bond investors' sell-off after March 2020 was largely directed at bonds of larger, safer issuers …The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth … of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of …

has marked the outer boundary of Treasury bond maturities. However, longer-term bonds were not unknown in earlier years …. Seven such bonds, including one with a forty-year term, were issued between 1955 and 1963. This paper examines the … circumstances that led to the issuance of these seven bonds. …