Companies Are Racing to the US Debt Market — and Here’s Why
(Bloomberg) -- The surge of borrowing in the US corporate debt market, on the surface, looks odd. Despite all the excitement about the Federal Reserve’s long-awaited pivot toward easing monetary policy, it hasn’t done so yet. In fact, its benchmark interest rate is still pinned at a more than two-decade high. But up and down corporate America, at blue-chip businesses and those heavily burdened by debts, executives are turning to Wall Street to borrow cash at a blistering pace. It’s the sort of s
