Central Banks Warn: Liquidity May Evaporate When Investors Finally Remove Blindfolds | Wolf Street

tesseract

Companies are selling bonds like madmen. This year through Tuesday, investment-grade and junk-rated companies have sold $438 billion in new bonds, up 14% from the prior record for this time of the year, set in 2013, according to Dealogic. This quarter is already in second place, nudging up against the all-time quarterly record of $455 billion of Q2 2014.

About $87 billion of these bonds funded takeovers, a record for this time of the year, the Wall Street Journal reported. The four biggest bond sales in that batch were for healthcare takeovers, including the Actavis deal whose $21 billion bond sale was the second largest in history, behind Verizon’s $49 billion bond sale in 2013.

Actavis had received orders for more than four times the bonds available, according to CFO Tessa Hilado. “You don’t really know what the demand is until people start placing their orders,” she said. “I would say we were pleasantly surprised.”

Brandon Swensen, co-head of U.S. fixed income at RBC Global Asset Management, couldn’t “see anything on the radar that’s going to slow things down materially,” he told the Wall Street Journal. His firm expects rates to “remain low.”

 [gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/Central-Banks-Warn-Liquidity-May-Evaporate-When-Investors-Finally-Remove-Blindfolds1.pdf”]

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/Central-Banks-Complexity-And-EconomicnbspCollapse.pdf”]

via Central Banks Warn: Liquidity May Evaporate When Investors Finally Remove Blindfolds | Wolf Street.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We Have No Idea What The Underlying Reality IS. However, I assure you it is more evil than anything you can imagine.

The Facts:There appears to be attempts from several sides of the spectrum to normalize pedophilia and bring social acceptance to pedophiles. Reflect On:Are the efforts to humanize pedophiles and bring

June 27, 2019
The Story of Q and the Second American Revolution

I have been following Q since it’s earliest appearance and have mentioned the phenomenon on this blog shortly thereafter. I must admit, primarily due to a natural impatience, that there have bee

June 27, 2019
Skip to toolbar