Most new bond sales are still coming from well-established companies with higher credit ratings, reflecting a consensus that a deep recession is ahead
Investors say the Fed has reduced disruptions in the $17 trillion U.S. Treasurys market that had sent shock waves through the financial system. Large businesses such as Oracle Corp.
and CVS Health Corp. are borrowing money at a record pace. Some lower-rated companies are issuing bonds again. And increased demand for mortgage bonds is starting to pull mortgage rates lower after they unexpectedly...
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