Playground for issuers as bond buyers soak up yield
Bond issuers and investors revelled this week in a market that appeared perfect for new deals — even though it was based on a confusing pattern of economic signals that seemed to contradict each other.
On the whole, the markets expect US Treasury yields to hold up — the 10 year was at 4.78% yesterday (Thursday) afternoon in New York, a whisker higher than its 4.75% level a week ago.
But on any one day, the economic numbers tended to balance each other out.
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