US DOLLARS

摘要

REOPENING RISKS LINGER IN WEARY US CORPORATE BOND MARKET While US high-grade credit spreads have tightened remarkably well and the market is back to functioning with some sense of normalcy, a fear still lingers that a surge of coronavirus infections could derail the progress. Issuers have rushed to market to sell more than US$660bn of the US high-grade bonds in the roughly two months since the Federal Reserve announced its corporate bond purchasing programme to help companies struggling with the devastating impact of the pandemic.