Companies and countries around the world are rushing to tap global bond markets before borrowing costs hurtle even higher, with many paying big yield premiums to replenish their coffers.... But the U.S. Federal Reserve's preparations to roll back its $85 billion (53 billion pounds)-a-month stimulus mean yields are likely to climb steadily from current levels.


"It feels like people are seeing this as a window that's closing, a last-chance saloon to get the cheap funding through the door," Bill Street, head of investments for EMEA at State Street, said of the spike in primary bond issuance.

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