Investment Banking

The new bond market: Big buyers of corporate debt are other companies

US companies have found a new favourite investment – other companies’ bonds – and they are loading up

The new bond market: Big buyers of corporate debt are other companies

Companies reaching for better returns on their cash have found a new favourite investment – other companies’ bonds – and they are loading up.

Cash-rich companies like Apple, Oracle Corp and Johnson & Johnson are snapping up corporate bonds sold by highly rated companies such as Verizon Communications and Gilead Sciences.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.