The bond market has 99 solutions, and one problem

Central banking policy has had an extraordinary impact on the US corporate bond market.
Over the past 8 years, the market has expanded rapidly and now stands at ~$8.5 trillion in notional size, which is almost double the size of the market in 2006 (~$4.5 trillion).
As US corporations continue to utilize copious amounts of debt capital to finance themselves, the US corporate bond market gradually assumes the position of being the most systemically important market in the US financial system. Desp