Treasury sell-off fails to dry US investors’ credit thirst

By David Rothnie
18 Feb 2021

US corporate bond bankers have shrugged off concerns that the steepening of the US Treasury curve could spell problems for credit, after the 10 year yield closed at 1.29% on Wednesday and the 30 year broke though 2%.

“Despite the recent move up in Treasuries, 10 year yields remain near historic lows and corporate credit spreads remain attractive,” said the head of syndicate at a bank in New York.

Home improvement company Masco took advantage of red-hot demand on Thursday to place its biggest ever bond. The ...

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