Dollar smashes records as rates and spreads plunge

The US investment grade bond market has never been stronger. Investors are pouring money into the market, spurred by quantitative easing and their own confidence in cash-rich corporate balance sheets. As Stefanie Linhardt reports, that means ultra-low rates for borrowers, big deals and lots of issuance. With so much prefunding done in 2012, matching that volume this year is likely to depend on how much M&A gets going.