Investment-grade spreads refuse to widen despite a heavier issuance calendar
Supply is a test. Demand from insurers and overseas real-money accounts is still winning it.
Senior Markets Correspondent
Stock market data on a digital display
NEW YORK — Supply is a test. Demand from insurers and overseas real-money accounts is still winning it.
Three syndicate desks said new-issue concessions have stayed inside five basis points for most BBB+ and better names — tight enough to annoy the shorts and please the treasurers.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.
