EU talks and GDP boost bring flood of US bonds
Blue chip companies scrambled into the dollar bond market on Thursday as good news from the EU debt negotations and strong US GDP figures led to a surge of confidence in investment grade credit.
The US economy grew at an annualised rate of 2.5% in the third quarter, up from 1.3% in the second quarter.
BP, IBM, Morgan Stanley, Verizon and Railroad CSX Corp were among the issuers that sold a total of $17bn of paper as they emerged from earnings blackout with
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.