Investors swoon after dollar market love-in

Dollar Heart
By David Rothnie
14 Feb 2019

The US corporate new issuance calendar took a breather on Thursday after clocking up its busiest week of the year with $30bn of supply in just three days. Borrowers remained on the sidelines as investors digested the supply onslaught that brought bulging order books and tight pricing.

Blue-chip borrowers have been itching to jump into a market that until last week enjoyed a 22-day rally, and free from the shackles of earnings blackout they pulled the trigger on a succession of benchmark sized trades that resulted in the busiest week in the US high-grade market ...

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