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
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