Jolt in credit fear pushes borrowers to sidelines

A gauge of perceived risk in US corporate credit markets spiked by 7.4 basis points to 65.657 basis points. — Bloomberg

NEW YORK: Globally, key credit risk measures surged amid growing concerns about weakening economic growth. Expected to be among the busiest days of the year, the turmoil effectively shut down US company bond sales on Monday.

A gauge of perceived risk in US corporate credit markets spiked by 7.4 basis points to 65.657 basis points.