By Matt Tracy and Davide Barbuscia (Reuters) - A post Labor-day rush of bond issuance by U.S. investment-grade-rated companies added renewed pressure ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Matt Tracy and Davide Barbuscia
Investors told Reuters they expect anywhere between $100 billion and $150 billion in new bond issuance this month. Ten-year Treasury bond yields were last about nine basis points above Friday's market closing, at 4.27% from 4.180%, and 30-year yields similarly climbed about 9 bps to 4.38% from 4.285% on Friday.
"I don’t necessarily think has got any more rate moves or rate tightenings left," said Tom di Galoma, managing director and co-head of global rates trading at BTIG.
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