Pimco calls baloney on Apollo’s credit liquidity chart
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A few weeks ago, Apollo’s chief economist Torsten Sløk sent around a chart showing how liquidity for “off-the-run” corporate bonds was the worst since March 2020. Pimco has now offered up an oblique riposte. OK, … Read more