Sprint Corp. is paying above-market interest rates on new notes to become the leading issuer of U.S. junk bonds this year as it seeks to fund an expansion of the country’s third-largest wireless network.
A breakup of Time Warner Cable Inc., which Comcast Corp. and Charter Communications Inc. are said to be considering as part of a joint bid, would let the industry consolidate while potentially sidestepping regulatory hurdles.
A gauge of U.S. company credit risk rose after touching the lowest level in six years as investors bet that the Federal Reserve will continue the pace of its monetary stimulus in the coming months. T-Mobile US Inc. is planning to sell $2 billion of bonds in two parts.
Deutsche Telekom AG shares surged the most since 2008 after the company agreed to sell its U.S. wireless unit to AT&T Inc. for $39 billion, a price that exceeded analyst expectations and allows it to slash debt.
Relative yields on U.S. government- backed mortgage bonds are at about the lowest in almost five months as Federal Reserve Chairman Ben S. Bernanke proves more important to the market than Tea Party politicians.