(Bloomberg) — An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds.Companies have sold a record $2.43 trillion so far this year across currencies, surpassing previous full-year records. Investors rushed to snap up all this debt because they were desperate for yield as central banks cut rates. That has pushed up valuations.Now, some troubling signs for the direction of those valuations are converging. Recent data suggest that the worst may be over for the global economy, which means many central banks could have less reason next year to guide down …read more
Source:: Yahoo Finance
