See Amazon Concessions As Buying Opportunity: Griffiths
Zachary Griffiths, head of US IG & macro strategy at CreditSights, joins Katie Greifeld on "Bloomberg Real Yield." Amazon borrowed $25 billion in an eight-part offering that garnered about $62 billion in peak investor demand, about half the orders it attracted for its prior $37 billion deal in March. The offering is heaping pressure on the broader tech space, with the sector among the worst performers in the US high-grade secondary market. (Source: Bloomberg)
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