Investors piled into US corporate bond deals on Tuesday as the new-issue market reopened after several days of volatility driven by concerns around US government policy.
US companies slammed the brakes Monday on new bond issuance, taking a pause in the busiest quarter ever to digest the fallout from the healthcare vote and its implications for tax reform.
Amundi has become the first European buyside client to begin clearing credit default swaps through CDSClear, LCH’s Paris-based clearinghouse.
The US high-grade bond market took a pause on Thursday, with prospective borrowers staying on the sidelines ahead of a closely watched vote in Congress on health care reform.
Investors are shunning the bonds of US retailers, even though much of the paper from the troubled sector is available at bargain-basement prices.
US high-grade issuers were forced to offer higher-than-usual premiums on new bond deals Wednesday following a global sell-off triggered by doubts about President Trump’s reforms.