Christopher Sullivan and Qualcomm Inc.

Fed: Instead, it a record wave of company borrowing that stoking competition for investor cash and helping to push U.S. government yields to eight-month highs, according to Bloomberg. For while economic data remains tepid and market speculation has the Fed holding rates steady through September, companies like Qualcomm Inc. and Apple Inc. are racing to lock in historically low borrowing costs. It not, and they aren’t. The substantial supply available for investment has crowded out Treasuries, and other assets too, said Christopher Sullivan, who oversees $2.4 billion as chief investment officer at United Nations Federal Credit Union in New York. U.S companies have sold an unprecedented $890 billion in debt this year, 10 percent more than at this point in 2014, when a record $1.57 trillion in debt sold. It forced yields higher, and likely more is coming ahead of likely interest-rate increases. (news.financializer.com). As reported in the news.