‘It's Definitely Risk On’: Rush to Bond Market Begins in U.S.
- High-yield market saw its first new issue in six weeks
- Recent Fed speak restores confidence in credit markets
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U.S. credit markets are finally thawing.
The high-yield market saw its first new issue in six weeks on Thursday, the same day that investors poured in nearly $40 billion of orders for a bond offering from AB Inbev. And leveraged loan outflows are abating, helping prices recover across the board as investors regain confidence that the economic expansion has more room to run.