McKesson Corp. and Gilead Sciences Inc. led the second-busiest week on record for U.S. bond sales as borrowers locked in the lowest relative yields in about seven years with markets stabilizing following turmoil in Ukraine.
A measure of U.S. corporate credit risk approached a two-month low as comments by Russian President Vladimir Putin signaled the crisis in Ukraine won’t immediately escalate. Viacom Inc. is planning a $1.4 billion bond sale.
A gauge of corporate credit risk rose to the highest level since November as data showed American factories expanded at the weakest pace in eight months. A Hyundai Motor Co. unit sold $1.5 billion of bonds in the U.S.