Aug
05
Corporate-Bond Overload: July’s Sales Deluge Leads to Buyer Fatigue
ByBond buyers are getting exhausted after absorbing trillions of dollars of corporate debt in the past few years.
While they still gobbled up a record-breaking $135 billion of U.S. investment-grade bond sales in July, they’re getting pickier. They’re now demanding the most extra yield to own the debt instead of government securities in two years.
“The high-grade bond market feels satiated with paper,” Bank of America Corp. analysts led by Hans Mikkelsen wrote in an Aug. 3 report. “What this market needs is a break -– either in the form of a slowdown in supply volumes or some healthy inflows.”…
Corporate-Bond Overload: July’s Sales Deluge Leads to Buyer Fatigue
