US Treasuries rally again, bringing yield windfall for Disney, 3M

Disney Maleficent for new website
By David Rothnie
28 May 2014

US Treasuries rallied even further this week, leaving many market participants scratching their heads – but corporate borrowers did not waste the opportunity.

Walt Disney and 3M were among the blue chip firms that leaped into the market, as the 10 year briefly touched an 11 month low of 2.4%. That is 60bp down from the beginning of January, when many analysts were predicting a rise.

Meanwhile, the average ...

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