A benchmark gauge of U.S. company credit risk fell for a ninth day in the longest stretch of declines since December 2010 after the Federal Reserve’s upgraded assessment of the world’s biggest economy drove investors to higher-risk assets.
Dick Clark Productions Inc. , the television company founded by the former host of the “American Bandstand” variety show, is marketing debt as yields on U.S. corporate bonds fall along with Treasuries.
Citgo Petroleum Corp., the U.S.-based unit of Petroleos de Venezuela SA, is marketing debt as European policy makers unveiled an emergency aid package to stop a sovereign-debt crisis that threatens economic recovery.
Carrizo Oil Gas Inc., a Houston- based energy exploration and production company, plans to sell notes as record issuance of high-yield, high-risk corporate bonds helps to reduce a “daunting” amount of debt.
The New York City Municipal Water Finance Authority, which has been granted rate increases of 10 percent or more for three consecutive years, boosted its Build America Bond sale by a quarter to $750 million as investor demand pushed yields on the agency’s debt to a record low.