Companies tapped the credit markets for more than $21 billion in new bond issues last week. Nearly half the total was companies headquartered overseas visiting the U.S. credit markets to swap their bonds for greenbacks -- lots of greenbacks.
Mining giant BHP Billiton
Steel giant ArcelorMittal
Honda's American Honda Finance drove off with $1.75 billion in a two-tiered private deal.
Brazil's Banco Bradesco
Not all the big borrowers were overseas companies. Wells Fargo
Top quality bond yields continue to be very low. It's hard to imagine many scenarios where a 30-year bond at 4-ish percent turns out to be a bargain (for the purchaser). There are higher rates out there, but higher credit risks typically come along for the ride. I'm underweight bond funds in my portfolio and don't see any reason for that to change in the near future.
Fool contributor Russ Krull owns shares of Wells Fargo but no other company mentioned. You can follow his stock picks on CAPS. The Motley Fool owns shares of ArcelorMittal and Wells Fargo. The Fool owns shares of and has created a covered strangle position on Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.