Bond issuance slowed drastically last year.
That's because rate volatility made it difficult for bankers to place deals with investors — and companies balked at yields that were vastly higher than anything they'd seen over the last decade. February's activity shows that companies are now coming around to the idea that we may not be returning to the low-rate world of the 2010s any time soon.Just look at the 10-year Treasury, the main benchmark for corporate borrowing. It sat below 3% for only two periods in modern U.S. financial history — the post-Great Depression and post-financial crisis eras.
“The level of rates that we had from 2012 to 2022, we've never seen that before except after the Great Depression and World War II,” says Robert Tipp, chief investment strategist at PGIM Fixed Income.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
BEVs Outsell Hybrids In Australian EV Market In FebruaryBEVs outsell HEVs in the Australian light vehicle market in February 2023 with more ships and more models on the way. zshahan3 But but but the long distances. That's not possible.
Lees verder »
Saudi non-oil business activity surges in February on strong demand-PMISaudi Arabia's non-oil business sector activity soared to its highest level in eight years in February, a survey showed on Sunday, based on a strong increase in demand and an optimistic economic outlook.
Lees verder »