Investors are gearing up for the year’s record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook. “I would expect next week to be similar,” said Monica Erickson, portfolio manager, global developed credit, at DoubleLine. The breakneck pace of fresh issuance illustrates how the Fed’s late March pledge to backstop credit markets and its policy of holding interest rates near zero have spurred borrowing by corporations this year. …read more
Source:: Yahoo Finance
