3 Things in Credit: July 9, 2021

In this week's episode, KBRA Chief Strategist Van Hesser discusses: 1. The rally in rates. It seems to have caught just about everyone off guard. We’ll explore what it means for credit markets. 2. The pandemic has not gone away. The most lethal side of it has been contained for now, but it still is likely to act as a drag on the global economy. 3. Where did all the defaults go? We’ll take stock of this extraordinary environment.