RE: Market conditions7 Aug 2019 10:16
Of course many investors in the Northern Hemisphere are on holiday in August, but the idea that 'market conditions' are unusually poor is simply nonsense. There are over 11 Trillion USD worth of bonds globally which have NEGATIVE yields. Yes, you read that correctly - investors are paying borrowers to hold their capital in exchange for a promise that they will give most of it back in the future. Outside the US, 43% of bonds have negative yields currently (admittedly, most of it is sovereign debt, but many 'junk' rated bonds yield 0% nominal. This is the biggest bull market for bonds in the history of the world. To blame difficulties in a bond sale on current market conditions is genuinely odd.