Seeking Alpha

Diamond Offshore (DO) and RPM International (RPM) this week sold several hundred million dollars...

Diamond Offshore (DO) and RPM International (RPM) this week sold several hundred million dollars in what is becoming the corporate-bond sweet spot: the BBB tiers, the lowest investment-quality ratings. Contrary to rate-hike expectations in futures, the BBB tiers are accounting for 25% of offerings compared to a first-half 18%, as many buyers figure the Fed will stay on the sidelines on rates.
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