Corporate-Bond Overload: July’s Sales Deluge Leads to Buyer Fatigue
The heaviest July on record
Why Top-Rated Corporate Bonds Perform Poorly
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Bond buyers are getting exhausted after absorbing trillions of dollars of corporate debt in the past few years.
While they still gobbled up a record-breaking $135 billion of U.S. investment-grade bond sales in July, they’re getting pickier. They’re now demanding the most extra yield to own the debt instead of government securities in two years.