US Companies Might Be Liquidating Their Off-shore Bond Hoards – FT Alphaville

So far this month, spreads on banks’ two-year bonds have widened by more than 15 basis points, according to Bank of America Merrill Lynch. For all US corporate debt maturing in 1-3 years (which includes bank bonds), spreads have widened 8bps, according to BofAML ICE’s index.