U.S. companies embark on record borrowing spree, despite paying highest rates since 2009

Financial conditions might be tighter this year as the Federal Reserve keeps up its inflation fight, but they have yet to restrict U.S. companies from borrowing via Wall Street’s debt financing machine. Companies with investment-grade credit ratings have been borrowing in the U.S. corporate bond market at a record clip to start 2023, even though they’ve also been paying some of…