Apple and Disney frolic on Labor Day picnic

By David Rothnie
05 Sep 2019

Apple and Walt Disney starred in the US corporate bond market this week, as the market roared back from the Labor Day holiday with a huge stack of deals that bankers said had broken the record for a single week in the US corporate and financial institution bond market.

Twenty-two borrowers crammed $32bn of trades into Tuesday and Wednesday and the pace continued on Thursday. September is usually one of the busiest months of the year but the sheer scale of supply surprised some bankers, as opportunistic borrowers took full advantage of collapsing interest rates. 

“This ...

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