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US corporate bond sales surge on positive job data

Issuance limited to investment-grade borrowers as China stock meltdown, weaker US equities and oil plunge still cloud outlook

Published Sun, Jan 10, 2016 · 09:50 PM
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New York

CORPORATE bond sales in the United States surged on Friday as blue-chip companies jumped at the opportunity to take advantage of data showing resilience in the job market.

About US$9 billion of securities were sold, up from US$3.5 billion on Thursday, according to data compiled by Bloomberg. Kroger Co, the largest US supermarket chain, r…

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