High-Quality Companies Are Selling Bonds at Fastest Pace Ever
https://bloom.bg/2kx5yWX
U.S. investment-grade bond issuance is hitting $74 billion for this week, the most for any comparable period since records began in 1972. Thursday’s $20 billion total adds to the $54 billion already sold, thrashing the week’s forecast of $40 billion.
With a rally in Treasuries pushing the high-grade bond yield to a three-year low of just 2.77%, companies are borrowing cheap money now to refinance more expensive debt, spurred by a positive tone in global markets.
Submitted September 05, 2019 at 04:09PM by risk_parity https://ift.tt/2MTWV5H
