By Dena Aubin NEW YORK, May 30 (Reuters) - A six-month rally in U.S. corporate bonds ground to a halt this month, yet the lowest interest rates since the Eisenhower era pushed new issuance to its fastest pace of the year. Companies sold almost $67 billion in investment-grade bonds in May, the highest monthly total this year, and $15.7 billion of junk bonds, the most since 1998 and the fourth-busiest month ever, according to Thomson Financial. "There's a lot of demand for bonds because ...
Premium Content (PAID Subscription Required)
"US corporate bond sales surge even as rally fades" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.