1357 GMT - Corporate bonds issued by large technology companies such as Alphabet, Amazon, and Meta look attractive due to favorable valuations, M&G's Richard Woolnough says in a note. Tech companies have raised their bond supply in recent months to finance capital-intensive projects like construction of data centers. Increased bond supply and limited capacity for portfolios to absorb the new issuance means the high-quality bonds are "trading potentially at cheaper valuations than other investment-grade credits," Woolnough says. "This results in an opportunity to invest." (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 09:57 ET (13:57 GMT)
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