Utilities spark pre-holiday dollar rush

By David Rothnie
23 May 2019

Utility issuers led the way in the dollar corporate bond market this week, before the trade dispute between the US and China slammed the brakes on supply ahead of the Memorial Day holiday weekend.

The 10 year Treasury yield fell to its lowest level for 17 months on Thursday as the deepening trade dispute between the US and China and fears over economic growth hit stocks

High grade spreads were 2bp-6bp wider as borrowers remained on the sidelines after a front-loaded ...

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