Between 1995 and 2009 the value of bonds outstanding issued by U.S. financial and nonfinancial companies more than quadrupled from $2.5 trillion to more than $11.6 trillion.

Question

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This significant increase reflects the growth in corporate debt during the period, as companies increasingly turned to bond markets for financing, benefiting from the expanding economy and low interest rates.

Between 1995 and 2009 the Value of Bonds Outstanding Issued