US companies rushed to tap debt markets on Monday, raising more than $40bn as improving geopolitical sentiment and supportive financial conditions encouraged a wave of issuance across investment-grade and leveraged credit, according to a report by Bloomberg.
The surge followed a tentative agreement between the United States and Iran to reopen the Strait of Hormuz, a development that helped drive a sharp decline in oil prices, gains in equities, and softer expectations for near-term US rate hikes...
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