Summer exodus kills dollar supply

Sunbeds
By David Rothnie
23 Aug 2018

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial