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Bank debt leads corporate bond rally sparked by COVID-19 vaccine rollout

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Bank debt has been a hot commodity in the near two weeks since the Food and Drug Administration authorized the first COVID-19 vaccine for emergency use in the U.S.

Bonds issued by Bank of America Corp.
BAC,
-1.78%
,
JPMorgan Chase & Co.
JPM,
-1.52%

and Citigroup Inc.
C,
-3.22%

on Tuesday topped the list of 40 most-active U.S. corporate bonds traded since Dec. 11, when the FDA greenlighted the first COVID-19 vaccine for distribution in the U.S., according to BondCliq data.

That is when BioNTech
BNTX,
-5.54%

and Pfizer Inc.’s
PFE,
-1.71%



Source marketwatch.com

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