A renewed risk-off sentiment in the markets after the drama surrounding US President Donald Trump’s latest controversy did not stop investors pouring money into BOC Aviation’s new five-year bond.
In fact, the Reg-S sale drew as much as $3 billion of orders at the peak level, proving largely immune to a market rout as political jitters lingered from Trump’s abrupt dismissal of FBI director James Comey and his sharing of sensitive intelligence with Russia's foreign minister.
The SP 500 Index suffered the biggest one-day drop in eight months on Wednesday, while the 10-year US Treasury yield fell 10bp on the same day. But despite the volatility,...
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