Procter & Gamble's $1.35 billion bond sale sent one of the clearest signals yet that investors are piling into the corporate bond market ahead of the Fed's rate cut. When investors buy P&G's new 10-year bond, they are demanding a yield of only 37 basis points above the US Treasury Bond for the same period. That would be the lowest risk premium for a 10-year corporate bond issue in the U.S. investment-grade market, according to data compiled by Bloomberg since 2000. Scott Kimball, chief investment officer at Loop Capital Asset Management, said: "It's like...
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