MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 13, 2013 Institutional Investors Want to Snag Corporate Debt Verizon surprised the bond world when it sold $49 billion of investment-grade corporate debt at once, making it the largest deal of its kind, The New York Times Dealbook's David Gelles reports. This fueled the fire that more companies might take advantage of the debt market before interest rates begin to move up, Gelles writes. Gelles interviewed Kathy Jones, fixed-income strategist at Charles Schwab [profile] , whom he quotes as saying, "We're starting to see the animal spirits pick up again…Usually, once it gets going, it doesn't let up." Verizon's deal presents an opportunity to institutional investors looking to lock in good returns, Gelles writes. Gelles interviewed Kevin Giddis, head of fixed-income sales, trading and research at Raymond James, whom he quoted as saying, "Investors continue to sit on a lot of cash…As investors look around with all the cash they have, 5 percent in recent memory doesn't look that bad." To read more, click here. Printed from: MFWire.com/story.asp?s=46034 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |