US firms break bond issue record for $135bn as jobless claims soar

David Rothnie

March 26, 2020 05:45 PM

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US companies have smashed the all time record for bond issuance this month, as they plundered the dollar market in a headlong dash for liquidity that continued on Thursday, even though a darker record was broken: 3.3m new unemployment claims, more than four times the previous highest.

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US firms break bond issue record for $135bn as jobless claims soar

US companies have smashed the all time record for bond issuance this month, as they plundered the dollar market in a headlong dash for liquidity that continued on Thursday, even though a darker record was broken: 3.3m new unemployment claims, more than four times the previous highest.

Unlock this article.

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