Highlights

  • The credit boom intensified again yesterday despite a plethora of macro worries
  • The fourth-largest corporate bond deal ever received a staggering amount of bids
  • Other issuers termed out their debt, which is an unusual event on the day of a
    jumbo deal
  • Credit investors are willing to fund even more buybacks, mergers and LBOs as the
    chances of a near-term and intermediate-term financial disaster shrink

 




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