A Shrinking $1.3 Trillion Securities Market Is Bad News for the Economy

(Bloomberg) -- For a fleeting moment this month, investment bankers in leveraged finance — the lucrative lending that oils the wheels of M&A and feeds the $1.3 trillion market for collateralized loan obligations — had rare cause for cheer. Company valuations were enticingly low for dealmakers, the US Fed looked closer to reversing punishing rate hikes, loans were getting done.Most Read from BloombergUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil De

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