Banks ramp up bond issuance

07/23/2013 | Bloomberg

(Davis Turner/Getty Images)

Bond offerings from banks in the U.S., Europe and Asia jumped 62% last week, to $26.4 billion, according to Bloomberg-compiled data. "The reporting season is done and dusted, and interest-rate volatility has stabilized," said Norval Loftus, chief investment officer at Allegra Investment Management (U.K.). "So it's a good two-part combination for an issuance window and for banks to increase their issues."

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