Bond Flood: Record 20 Companies Issue $26 Billion In Cheap Debt In A Single Day
Zero Hedge -

After a turbulent August, when market volatility meant bond deals were few and far between while traders were soaking up the sun on various Caribbean islands, the bond market came back with a bang on the first trading day of September when a record 20 companies sold $26 billion of bonds on Tuesday alone, taking advantage of the plunge in borrowing costs over the past month to load up on cheap debt.

Investment grade companies such as media giant Disney, consumer giant Unilever, E&P icon...

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