GC Asia
Borrowers make last-gasp dollar dash
The US high-grade market corporate bond market shrugged off volatility this week, as borrowers dashed to print trades in the last full week for supply before the year’s end.
While concerns over the progress of US-China trade talks put markets on edge, investors were happy to put cash to work on deals before supply slows next week.
Spreads recovered after the 10 year US Treasury yield fell by 4.5bp early in the week.
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