US and international companies are taking advantage of brief periods of low bond yields to issue into the hungry US market.
Surprisingly poor US employment figures at the beginning of the month raised speculation that interest rates would not rise as had been predicted, pushing up bond prices and sending yields tumbling.
Several companies took advantage of these low yields. SPC Communications, United Health Group, Consumers Energy and Anheuser Busch all issued on Wednesday this week.
Ian Harjette, head of high grade debt syndicate at Bank of America, which was involved with all four issues, says: ?It was amazing.
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