UPDATE 2-Corporate bond issuance shrinks to 7-year low as selloff deepens [Reuters (UK)]
Last bank of america corp earnings: 4/15 06:45 am
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US:NYSE Investor Relations: investor.bankofamerica.com
UPDATE 2-Corporate bond issuance shrinks to 7-year low as selloff deepens | Reuters 5 Min Read * Corporate bond issuance down 24 percent in 2018 * “Worst year I can remember,” banker says * Rising rates, reduced liquidity worry investors * Bankers, investors cautious about outlook in 2019 (Adds details on outflows) By Tommy Wilkes and Virginia Furness LONDON, Dec 21 (Reuters) - Global corporate bond issuance shrivelled to its lowest level in seven years in 2018 as rising interest rates, the withdrawal of central bank stimulus and growing worries about corporate indebtedness unnerved investors. Debt sales from investment-grade and junk-rated companies globally hit $1.34 trillion tmsnrt.rs/2SkhrLT in 2018, down nearly a quarter from the year before and the lowest since 2011, data from Refinitiv showed, in what has been a brutal year for financial markets. The end of 2018 has been particularly tough for corporate debt, with volumes of new bond issues in December heading for their worst m
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