BAML Advises Corporations To Float Debt This Summer, While Opportunity Lasts

In a situation room report, Bank of America Merrill Lynch asks if corporations “Got plans for the summer?” If not, they advise floating debt offering before this historic ship sails. As Fed Governor Jerome Powell ponders two rate hikes in 2015, BAML says float debt now The report, authored by Hans Mikkelsen, noted the much discussed Wall Street Journal event yesterday where Fed Governor Jerome Powell discussed his baseline option that the Fed will hike rates in September – echoing a view held by BAML and many other notable financial services players, as noted in ValueWalk. However, Powell goes off…