With the 30-year Treasury bond yield at its lowest level since January, the biggest corporate issuance month ever, issuers should have flooded the market yesterday.
They didn't. Instead, about $1 billion of new debt, a good slice of it junk, arrived.
Access to authoritative analysis and perspective and our data-driven report series.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In