Companies Look to Borrow Before Yields Rise on Iran Retaliation

Companies in the US and Europe cautiously waded into credit markets, launching a series of debt sales as they looked to lock in relatively low borrowing costs and before retaliation from Iran jolts bond yields.

In the US, six companies, including computer chip-maker Marvell Technology Inc., are electing to sell debt in the investment-grade market on Monday. A dozen corporations launched sales of leveraged loans, a brisk pace in line with recent Mondays. Eight issuers sold high-grade notes in Europe.

Sales in Europe came after early morning conversations between bankers and company officials, commonly referred to as go-no-go ...