| Autor: |
Goldfarb, Sam (AUTHOR), Huang, Vicky Ge (AUTHOR) |
| Předmět: |
|
| Zdroj: |
Wall Street Journal - Online Edition. 10/22/2024, pN.PAG-N.PAG. 1p. |
| Abstrakt: |
The article discusses the surge in risky borrowing in the bond market driven by economic optimism, with weaker businesses taking advantage of favorable credit conditions to refinance debt, strengthen balance sheets, and fund dividends. Investors are showing confidence in the economy, as indicated by the low yield spread between speculative-grade corporate bonds and U.S. Treasurys. The recent borrowing spree has pushed back maturity dates for outstanding debt and has seen businesses using loans to pay dividends to owners, reflecting a frothy market environment. Despite rising interest rates, companies are refinancing older debt at slightly higher rates, with analysts not overly concerned about the incremental increase. [Extracted from the article] |
| Databáze: |
Regional Business News |
| Externí odkaz: |
|
