A person walks their dog in the empty streets in front of the New York Stock Exchange in the Wall Street Financial District of Manhattan New York May 19, 2020.The Federal Reserve's unprecedented move into corporate debt purchases helped fuel the buying spree by wiping out credit-health fears and driving historic inflows.
Only $548 billion worth of bonds were sold at the same time last year, according to Bloomberg, and the $1 trillion level wasn't reached until November.Historic market relief from the Federal Reserve drove corporate bond sales to reach the $1 trillion threshold at a record pace,The debt surge began in March when companies' liquidity needs drove unprecedented bond sales.
Thursday solidified a new record for the debt market, bringing total investment-grade corporate debt sales to $1 trillion at the fastest pace in history. Only $548 billion worth of bonds were sold at the same time last year, according to Bloomberg. It took until November for 2019 investment-grade sales to breach the $1 trillion level.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tom Brady is selling his highly customized Cadillac Escalade for $300,000 — see inside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. look like a funeral car In my country this car would be used by Funeral Parlours only 🤣🤣 Looks more like a hearse.
Source: BusinessInsider - 🏆 729. / 51 Read more »
LendingArch is expanding to the US - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK Parliament voices cash infrastructure concerns - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks rise on Wall Street, but US braces for 100,000 deathsNEW YORK (AP) — Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening... Give it a week.😾 Ima bet all my stocks I withdrew, it aint gonna last. JonLemire The stock market does not reflect real life in America.
Source: AP - 🏆 728. / 51 Read more »
Starbucks color-changing cup sales boom in resale market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »