Boardwalk burns but US credit keeps drifting in
Substantial deals for News America, American Express and Yum! Brands ended the week in the US high grade bond market with a flourish on Thursday, and underlined a marked improvement in tone from the first days of the week.
"Today feels bullish again," said a senior managing director on a Wall Street corporate bond syndicate desk on Thursday. "Whenever you see banks and the home-builders doing well, then you can generally be sure that the market as a whole is doing well."
Earlier in the week the picture
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