Dagelijkse update over de markten vanuit KBL European Private Bankers (Engels)

InsingerGilissen, 06 SEP 2019

Running through press articles and broker research reports often gives an opportunity to connect the dots and come to interesting conclusions. This morning is no different. The news that this week companies have borrowed $74 billion on the US investment grade (IG) bond market, which is a new all-time record, caught my eye.

Companies like Coco-Cola, Apple or Walt Disney are all taking advantage of ultra-low bond yields to tap the markets. The average yield for the US IG bond market has fallen to 2.77% compared to 4.3% last year in November. The frenzy to issue new debt has spilled over into the leveraged loan market, where 17 deals were launched worth around $16 billion.

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