As investors chased risk asset prices higher, bond prices in the U.S. Treasury market weakened.
Strong demand easily soaked up the deluge of new issue supply.
Last week was the busiest of the year for new corporate bond issuance.
Volatility brought about by Turkey's chaos has quickly dissipated.
The lira regained some of its lost value against the dollar last week.
With the lira plunging, it becomes more difficult for Turkey to support and repay its sovereign debt.
Corporate Bond Market: Summer Starts to Slip Into Fall
A multitude of concerns kept investment-grade investors at bay in the first half.
GDP growth is likely to keep the Fed on track to raise rates.