U.S. corporate bond sales hit $427B in Q1, beating a prior record of $397B set a year ago, as...

|By:, SA News Editor
U.S. corporate bond sales hit $427B in Q1, beating a prior record of $397B set a year ago, as companies with solid debt ratings continue taking advantage of low interest rates. Before this month's selloff, the average yield on investment-grade bonds hit 3.4%, according to BofA, the lowest figure found in records going back to 1986.