The recovery hotel experts had hoped to see in June now seems more likely to potentially arrive in July or August.

Lenders must also act in good faith to forge solutions for forbearance, otherwise the federal government must mandate it.

Inherent illiquidity can be a boon in times of panic.

There’s a critical mass of market forces weighing in favor of lower yields.

If companies are unable to roll over their debts, many will go bust, throwing more people into the overloaded unemployment insurance system.