Foreigners comprise an important source of buying in the US sovereign and corporate bond markets. In March and April, they bought some corporate bonds but massively sold off Treasury notes and bonds. The vacuum was filled by the Fed, whose … Continued
US corporations issued 5.8 percent more bond last year than they did in 2018. The $1.41 trillion in issuance is still lower than the 2017 record high of $1.64 trillion. It is possible corporations are pulling in horns because they … Continued
U.S corporate bond issuance slowed down in January, but it is too early to read too much into this. In the first month of the year, corporations issued $109 billion in investment-grade (IG) and $23.2 billion in high-yield (HY) – … Continued