Corporate bond markets revive again after latest virus spasm
by Jon Hay
March 11, 2020 01:15 PM
Once again, corporate bond markets have staged a recovery after a shutdown of several days as asset prices plummeted in response to the growing coronavirus outbreak. Three industrial companies plus JP Morgan issued bonds in the US on Tuesday, which “all went exceptionally well” according to a head of syndicate in London. Danone launched on Wednesday the first euro corporate issue of the week, paying a high spread but small new issue premium.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.