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Stock impact report

Credit Markets Rev Up After $61 Billion of Deals in One Day [Yahoo! Finance Canada]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
High-grade dollar corporate bonds globally yield about 4.8%, according to a Bloomberg index. Borrowing costs have barely budged despite an increase in geopolitical risks following the shock capture of Venezuela's President Nicolás Maduro by the US military over the weekend. The issuance surge highlights confidence in the global economy at the start of the year, a period that is typically one of the busiest for funding by companies and governments. Borrowers are locking in deals early, with investment-grade credit spreads still near historic lows amid broadly solid corporate fundamentals. Twenty issuers, including Japan's two biggest banks — Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. - sold notes on Monday in the US high-grade debt market that garnered bids of more than three times the issuance size on average. Saudi Arabia also raised $11.5 billion in an offering. “Demand is still pretty robust and Asia's economic environment is relatively beni Show less Read more
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