US issuance slows as first-quarter GDP contraction sheds gloom over market
The US corporate bond market started to show signs of fatigue this week, as it drew towards the end of a frenetic quarter that has produced more than $166bn of deals.
A handful of corporate deals hit the market in the run-up to second-quarter earnings blackouts. As of Thursday, $51bn of deals had been priced in June, the fifth consecutive month in which the $50bn mark has been passed.
With blue-chip names either on the sidelines due ...Already a subscriber? Login