Big Tech
Amazon Deal Drives US Corporate Bond Sales to One-Day Record
Amazon packages in New York.
Photographer: Michael Nagle/BloombergThe US corporate investment-grade bond market posted its largest day on record as companies including Amazon.com Inc. issued nearly $66 billion of new debt.
The record comes despite uncertainty over the widening Middle East conflict and its potential impact on the US economy, which has at times halted new issuance since last week and compressed deal activity into brief windows of stability.