Investors queue for coffee but beat a retreat as rates hit an unnatural high

Coffee machine
By David Rothnie
17 May 2018

Keurig Green Mountain enjoyed the best of dollar bond market conditions as investors drank deep before a spike in US Treasury rates sent borrowers scurrying to the sidelines.

The week got off to a blistering start with six borrowers hitting the tape led by Keurig, which racked up more than $30bn of demand for an $8bn deal to help fund its reverse takeover of Doctor Pepper Snapple.

But concerns over higher inflation spooked the market, ...

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