Bond prices fell as corporate borrowers prepared to sell about $10 billion in debt.
Elsewhere, corporate borrowers are trying to sell debt before rates head higher.
They say that corporate borrowers no longer have to rely on earnings to service debt.
But now interest rates for corporate borrowers are rising.
They can no longer lend at a profit to well rated corporate borrowers.
A. Right now the corporate borrowers are relatively liquid.
The yield of a 10-year Treasury note, a benchmark for many corporate borrowers, rose to 5.95 percent.
The replacement money would remain in the capital market, available to corporate borrowers.
The drop in interest rates continued to entice corporate borrowers to price new issues.
That's pretty much how the banks and credit markets feel these days about corporate borrowers.