11/17/2009

A surge of issuance pushed bond sales to $42 billion this month. Companies are taking advantage of low interest rates to raise funds. Some will use these funds for acquisitions, while others will keep the money and build up cash to finance growth. "It's an additional sign of the normalization process," said Kevin Flanagan, fixed-income strategist at Morgan Stanley Global Wealth Management. "It's a welcome development for credit markets and the economy."

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