U.S. bond issuance topped $1T YTD last week, nearing 2007's all-time high as companies take...

|By:, SA News Editor

U.S. bond issuance topped $1T YTD last week, nearing 2007's all-time high as companies take advantage of low rates and yield-starved investors, and rush paper to market. "This is a Fed-engineered bubble," says a senior banker, who adds he sees no catalyst to derail things. Others say it's wholesome - businesses refinancing existing debt at lower rates. LQD +7.7% YTD.