(Bloomberg) -- The better-than-expected corporate profits that boosted U.S. stocks this week have failed to ignite a rally in credit markets where traders are concerned that companies are taking on too much debt to fund leveraged buyouts and share buybacks, credit-default swap trading shows.
While the Standard & Poor's 500 Index rose to the highest since September 2000 and the Dow Jones Industrial Average yesterday set a record high for the ninth day in 12, a benchmark credit-default swap index measuring the perceived risk of owning corporate bonds has barely moved the past two weeks.
Read more at Bloomberg Bonds News
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