Amazing that all this debt is being issued and rates are still low.....Thanks Fed Balance Sheet.  People with money in low yielding money markets, might have opted to buy more debt, if rates were actually allowed to move higher on their own.  They were kept artificially low by a government that insists on swallowing all the debt they can, so that the middle class continues to dump their retirement savings into risky assets (equities) etc.  The costs of raising capital continue to be kept artificially low by the US Government.  Many businesses would fail, unemployment would rise even higher, and rates would have already skyrocketed were it not for Uncle Sam's spending spree.  

What's truly amazing is the increase in capital raised by the "Government" Agency securities.  These are companies that are pseudo public/private.  They would never have been able to raise money in capital markets at such low rates were it not for the government propping up their bonds.  As Bernanke talks about stimulus withdraw - you can clearly see that the problem has not gone away - it has just gotten larger.

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