Investment-grade rated corporate bond issuance in February has been the busiest ever for the month with the tally as of Monday already some $20 billion ahead of the now second-heaviest February in 2021, said BMO Capital Markets' fixed income strategy director Dan Krieter in a report.
Companies have been rushing to issue bonds as yields spiked to touch new highs with the Federal Reserve looking to keep interest rates higher for longer. Traders now expect the Fed to raise rates to about 5.4% in July, with only a minor decline by December, futures markets show . In early February, the market envisaged rates rising to a peak under 5.0%, with several rate cuts by year's end.
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Games US play around the world.!
Seems healthy 🤦♂️
WallStreetSilv