Ford welcomed back to IG fold as hopes of easing cheer US funds
The US corporate bond market crescendoed this week, after a miserable Monday with no deals gave way to benchmark issues as investors looked on the bright side of the eurozone crisis. By Thursday, eight deals were crowding into the market, including a triumphant $1.5bn return to the investment grade market by Ford Motor, after an absence of nearly seven years.
The week started dismally after last Fridays non-farm payroll data had missed estimates, with only 69,000 jobs created in May. But conditions gradually improved for credit as the week went on.
With central banks across the world considering or taking measures to stimulate the economy and a groundswell
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