CREDIT DAYBOOK AMERICAS: Corporate Credit Back on Losing Streak

US corporate credit returns fell in August, making the bounce-back the previous month short-lived, as rate hike and recession fears caused investors to yank cash from the asset class. Meanwhile Rogers Communications succeeded in extending a deadline to buy back $9.33 billion of bonds, overcoming objections from some investors about terms of the deal.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, widened 0.86 basis point to 93.2 as of 7:17 a.m. New York time, climbing for five straight days
• Investors went hungry in August, denied by Jerome Powell’s Federal ...