Big tech targets bond market for cash to buy back sinking stocks https://ift.tt/xh4w1kJ companies in the high-grade market spent the past decade binging on debt and pushing ratings down to the last rung of investment-grade. Now, as an economic downturn looms, the average blue-chip company is expected to be in balance sheet repair mode, according to Bank of America strategist Yuri Seliger.
Friday, January 6, 2023
Big tech targets bond market for cash to buy back sinking stocks | Economic Times
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