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Foreign demand for US corporate bonds rises as investors favor tech over financials, Citigroup says

C
Credit & Bond MarketsMarket Technicals & FlowsInvestor Sentiment & PositioningTechnology & InnovationMedia & Entertainment

Foreign demand for U.S. investment-grade corporate bonds has stayed strong for 15 consecutive months, according to Citigroup. Overseas investors are rotating into TMT debt and longer maturities while reducing exposure to financial bonds, signaling supportive cross-border flows for IG credit.

Analysis

Foreign demand for U.S. investment-grade corporate bonds has stayed strong for 15 consecutive months, according to Citigroup. Overseas investors are rotating into TMT debt and longer maturities while reducing exposure to financial bonds, signaling supportive cross-border flows for IG credit.

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