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.

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.

Negative swap spreads, fractured repo rates among the current anomalies.

Asset manager is now trading directly with inter-dealer brokers.

Asset manager is now trading directly with inter-dealer brokers.

Deutsche Bank strategists point out that bond investors have been turning a blind eye to how leveraged many U.S. companies are these days.