Summer exodus kills dollar supply
The US corporate bond market slowed to a trickle this week with just a handful of smaller deals as desks thinned out ahead of the Labor Day holiday.
Investors will have welcomed a breather following the previous week’s deal fest, when United Technologies printed its $11bn M&A financing.Supply slumped this week as the summer slowdown took hold and what supply there was came from rare issuers. Engineering and construction firm Fluor, rated Baa1/A, came to ...
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