Dollar issuers leave investors wanting more
Dollar borrowers failed to take advantage of pent-up demand and tightening spreads as US corporate bond supply recorded a lacklustre end to the month.
Nine borrowers had come to the market to print a total of $8.5bn by Thursday, pushing supply to $85bn for the month of September, compared with a record $105bn in the same period last year. Smithfield was the only investment grade name in the market on Thursday with ...
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