Global sales of corporate bonds in 2010 the second consecutive year more than three trillion U.S. dollars, of which the amount of junk bonds hit its highest level ever.
Data show that global sales of corporate bonds reached 3.19 trillion U.S. dollars, of which the largest circulation is the largest agricultural lender Rabobank (Rabobank Nederland NV) (10243834.AS) and General Electric (GE)'s financial sector. Ally Financial Inc, Ford Motor Credit Company (Ford Motor Credit Co) (F-WT) and the other 509 speculative-grade companies sold in the U.S. market was 287 billion U.S. dollars in total junk bonds, far exceeding the 162.7 billion U.S. dollars in 2009 .
The process of global economic recovery is accelerating signs prompted investors willing to give lower interest rates to borrow money to borrowers sell bonds, which makes Johnson & Johnson (JNJ) and Wal-Mart (WMT) and other companies to a record low at current levels Nominal interest rates to corporate bond sale. According to the Washington-based Investment Company Institute (Investment Company Institute) published data show that as of October this year until the bond fund in the U.S. market absorbed 234.8 billion U.S. dollars of corporate bonds; At the same time, investors are from stock funds Divestment.
Wells Fargo Funds Management Company (Wells Fargo Funds Management LLC), chief fixed income strategist James Kochan said: "This is a career opportunity only happens once, the company's way through the issuance of bonds to refinance any business . "Kochan manages assets of 175.6 billion U.S. dollars in bonds.