US corps mobbed as supply drought bites

By David Rothnie
23 Jan 2020

US blue chips started to emerge from earnings blackouts this week and print tightly priced dollar bonds, as spreads continued to grind tighter.

Issuance remains subdued and may not return to full strength even when earnings season ends in mid-February. That, along with higher than expected inflows into bond funds, is fuelling already strong demand.

The high grade market has been on a run since the start of the year, shaking ...

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