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Corporate bond market didn’t get the recession memo

Jonathan Levin
Jonathan Levin8/4/2022 05:10 PM GMT+08  • 3 min read
Corporate bond market didn’t get the recession memo
Photo by Marjan Blan | @marjanblan on Unsplash
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The latest signs of life from corporate bond issuers sure do not signal a market that’s in a recession.

Facebook parent Meta Platforms Inc is reaching out to investors Wednesday ahead of a potential senior unsecured debt offering, according to Bloomberg News. Earlier this week, Apple Inc introduced a US$5.5 billion offering in four parts, adding to a flurry of other recent sales from prominent banks.

The burst of issuance activity is a reminder that the bond market remains open for business, and that is an important development if the US is going to avoid a protracted downturn.

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