Improving investor sentiment has also allowed corporations to issue new debt.
The company’s debt is trading like it’s speculative grade due to tariffs and slowing sales.
As they repatriate assets held overseas, tech giants are exiting their huge short-term corporate debt positions.
Prices for debt fall and rates rise as money managers are starting to demand better terms on deals.
U.S. corporate lenders are giving up safeguards that protect them from short-term interest rates falling close to zero.
Investors poured $2.97 billion into junk bond funds for the week ended April 18, Lipper said.
Most of the total is tied to Tesla the automaker.
Signs of froth in the credit markets are everywhere.
Rental-car company bonds are turning into lemons.
Trump’s unexpected political victory has done little to boost his licensing business.