What's Causing Credit Spreads to Tighten?

The video discusses the current state of credit markets, highlighting two opposing forces: technicals, driven by limited supply and high inflows, and fundamentals, which are weak due to poor earnings and high leverage. The discussion covers the impact of supply and demand dynamics, including the role of the Fed and potential debt issuance. It concludes with insights into market shifts and the importance of credit picking to find value.

What reasons does the speaker provide for companies not issuing more debt despite low yields?

In the context of the credit market, what does the speaker mean by a 'credit pickers market'?