NOT FOR REPRINT
Page Printed from: treasuryandrisk.com/author/profile/tracy-alloway-bloomberg?page=2
Sign In To follow
Foreign demand helps U.S. corporate yields remain low.
Irregularity of flow of new corporate bond issues concerns Citi analysts.
As bond markets go topsy-turvy, U.S. companies borrowing in euros help keep the euro-dollar basis close to zero.
Negative swap spreads, fractured repo rates among the current anomalies.
Deutsche Bank strategists point out that bond investors have been turning a blind eye to how leveraged many U.S. companies are these days.
Yields jumped more than 50 percent yesterday.