US credit market laughs at inflation

By David Rothnie
04 Mar 2021

March got off to a red-hot start in the US corporate bond market, as issuers shrugged off market volatility and bombarded investors with deals, making it one of the busiest weeks of the year so far.

Twenty-eight companies crammed $34.6bn of supply into the first two days of the week and there was more on Thursday as four borrowers led by Nissan Motor Acceptance sought benchmark-sized trades.

But fears over the pace of the US economic recovery resurfaced. The 10 year Treasury yield spiked after Fed ...

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