Corporate Borrowing & Debt

Whole-business securitized bonds enable lower-grade companies to borrow at investment-grade rates.

Although August was supposed to be slow, prudent finance teams have seen this month's surpisingly low rates as a reason to delay summer vacations and issue debt instead.

Investors are paying to lend to McDonald's, not just to eat there.

Negative yields are starting to affect markets for below-investment-grade corporate bonds.

Much is sovereign debt, but nearly a quarter of the investment-grade market is now negative-yielding as well.

Congratulations to Hyundai Capital America, winner of the 2019 Gold Alexander Hamilton Award in Treasury Transformation!