Trump waves corp bond market's cares away

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Trump waves corp bond market's cares away

Mercklogo_pa_230x153
14 June 2019, Hessen, Darmstadt: A man drives past the lettering of the Darmstadt-based chemical and pharmaceutical company. Merck is regarded as the oldest pharmaceutical and chemical company in the world. Photo: Andreas Arnold/dpa | Andreas Arnold/DPA/PA Images

President Trump's friendlier tone at the G20 meeting in Osaka last weekend, when he said the US would not immediately raise tariffs on Chinese imports, has given investment grade corporate bond issuers a bullish market this week, and several have taken advantage. High yield is quiet, by contrast.

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