US DOLLARS

摘要

High-grade issuers raised a whopping US$36.755bn despite Treasury rate volatility last week to set the record for the most volume raised in a single week in any June month in history, according to IFR data. This continued ability of issuers to raise such staggering amounts despite wild swings in Treasuries - the 10-year jumped to 2.50% at one point during the week -showed the strength of appetite for US dollar bonds. Many issuers such as tech giant cisco and tobacco firm british american tobacco even paid next to nothing in new-issue concessions. "The higher rates actually helped as it attracted more buyers from pension funds and insurance companies that have higher yield bogies," said one syndicate official based in New York.