Last week in the bond market
A little excitement in bonds last week. The week's activity pushed September's total corporate bond issues over $100 billion.
A pharma company with an $11 billion market cap borrowing $3.9 billion to cover part of a euro 4.2 billion acquisition.
UPS paying off a maturing note, which will save many millions in interest expense thanks to today's low bond rates.
Lots of foreign financial borrowing in the US markets last week.