The Julia La Roche Show · Saturday, September 19, 2026
Chris Whalen observes that despite rising interest rates, the market continues to show demand for assets, with corporate bond yields tightening relative to Treasuries. However, he cautions that difficulty in raising capital is becoming a significant issue for various non-bank entities.
“So I think the market is going to continue to do what it's doing, which is that we see higher rates.”
“However, spreads have been coming in, which is the difference between corporate bond yields, for example, and Treasury.”
“That indicates that people are buying paper. In other words, the dogs are still hungry. They want assets.”