Investors snap up corporate bonds, stock offerings in Q3

09/30/2009 | MarketWatch

The third quarter provided indications that the capital market has returned to solid ground as investors bought stock and debt offerings from a variety of companies. "The markets are beginning to function normally," said Andy Hill, a senior portfolio manager at Comerica Asset Management. "We went from panic and destabilization, and now we're seeing more confidence. You had a number of deals put on the shelf, and now they're getting done." The stock and bond sales occurred during a rally in the market, with the return on high-yield corporate bonds reaching about 16%.

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