William Sullivan Corporate Quotations

The new issue calendar had dried up for all kinds of issuers. But now, the corporate calendar is building again.

The new issue calendar had dried up for all kinds of issuers, ... But now, the corporate calendar is building again.

What that suggests is that the recovery in corporate profits may not be as strong as expected.

Corporate bonds are filling the void, to some degree. But this does not pave the way to a rally in bonds.