Financial sector dominates US markets as insatiable demand drives in spreads
Banks and finance companies in the US market took advantage of investors’ frenzied demand for credit product this week by issuing $4.25bn worth of high grade bond issues out of a total $10bn.
More than 65% of all new issue volume has come from the finance sector this year.
Issuers such as GECC, Morgan Stanley, Citigroup and CIT Group wasted no time pouncing on overwhelming investor interest.
"Whenever you see issuers like us jump into the market, then
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