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Vodafone breaks silence in dollar mart anxious about Fed

Adobe_Vodafone_575x375_24Aug2020
By David Rothnie
03 Jun 2021

Supply was light in the US corporate bond market this week, partly because the May non-farm payrolls report is due on Friday. Participants are braced for volatility after the US Federal Reserve announced on Wednesday it would start selling its holdings of corporate bonds, purchased as a stimulus measure at the height of the pandemic. It was left to Vodafone of the UK to reopen new issuance after the Memorial Day holiday.

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By David Rothnie
03 Jun 2021