Foreign investors flock to U.S. corporate bond market for yield

(Reuters) – Foreign investors have had to pay up to hedge U.S. dollar-denominated assets over the last year, but this has yet to stop them from plowing money into the U.S. corporate bond market, the world’s largest. Robust returns for U.S. corporate debt assets and expectations of solid U.S. economic growth for the remainder of the year have outweighed concerns about costly dollar hedges for many foreign buyers.

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