Financial requirements for high- yield bond issuers in North America improved for a third month, according to Moody’s Investors Service. A measure of U.S. corporate credit risk held at about a three-week low.
A gauge of U.S. company credit risk was little changed as Janet Yellen, the nominee for chairman of the Federal Reserve, said she will maintain stimulus until the economy improves. Thomson Reuters Corp. sold $1.5 billion in debt.
The cost to protect Chesapeake Energy Corp.’s debt from default fell to the lowest in more than eight weeks after the second-biggest U.S. natural-gas producer said it plans to cut long-term debt 25 percent in two years.