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Fear of missing out on cheap money fuels corporate bond boom

Data: S&P Global; Chart: Axios Visuals

The fear of missing out (FOMO) is alive and well on all sides of the corporate bond market.

What's happening: Much attention has been paid to the impact that rising interest rates have had on equities. But over in bonds — as U.S. Treasury yields inch higher from record lows — companies are racing to borrow money and avoid being shut out of what could end up be a fleeting opportunity for cheap money.

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