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Market Chatter: Record Number of Companies Tap Bond Market
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Market Chatter: Record Number of Companies Tap Bond Market
Sep 3, 2024 10:04 PM

02:06 PM EDT, 09/03/2024 (MT Newswires) -- A record 29 companies tapped the bond market Tuesday, looking to take advantage of cheaper borrowing costs ahead of the US presidential election, Bloomberg reported.

Ford Motor ( F ) , Target ( TGT ) and Barclays ( JJCTF ) were among the blue-chip companies in the corporate bond market, making it the busiest single sales day on record, Bloomberg reported Tuesday, citing its own data.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 11.01, Change: -0.18, Percent Change: -1.64

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