Bond binge in dollars as hopes rise on virus

BMW car from corp media gallery 8Jan20 230x150
By David Rothnie
08 Apr 2020

High grade companies stormed the dollar bond market again this week, as asset prices stabilised, helped by White House health adviser Dr Anthony Fauci raising hopes that the US could soon turn the tide in the battle against Covid-19.

Remarkably, issuance has topped $81bn in just the first seven days of April. That is already far more than the $61bn priced in the whole of April 2019, according to Dealogic.

Fauci said on Wednesday that new cases appeared to be nearing their peak and that the rate ...

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