Bond Sales Are Back in Force as Ceasefire Eases Credit Risk (1)

Borrowers are rushing back to markets as a ceasefire agreement between the US and Iran revives demand for corporate credit.

The two-week truce helped trigger the biggest intraday decline for some perceived-risk gauges in about a year, opening the floodgates for fundraising activity. Nine companies are offering US investment-grade notes and 11 deals are in the European bond market, both the most in nearly a month, according to data compiled by Bloomberg.

As was the case in March, firms are taking advantage of potentially brief periods of hospitable conditions to borrow — not knowing when the next headline could sour ...