Corporate bond issuances fall 22% in August as firms await Fed rate cut

Quick Summary:

The US Fed is widely expected to cut interest rates by 25 basis points (bps) in the September 17-18 meeting, marking the start of a downward interest rate cycle.

Indian companies and banks raised Rs 81,238 crore in August against Rs 1.04 trillion in July, according to data by the Prime Database.

The yield on AAA-rated 10-year corporate bonds fell by 3 basis points during August, whereas that on 5-year bonds softened by 2 basis points.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Corporate bond market Fed rates Corporate bonds Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 18:56:49 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22448927

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