US companies flock to Europe due to interest rate cuts, driving the "Reverse Yankee" effect with a €30bn increase in EU bonds for US firms.

Debt-hungry US companies are flocking to Europe due to interest rate cuts, driving the "Reverse Yankee" effect. A €30bn ($32.5bn) increase in EU bonds for US firms is expected to break records for US European credit flows by year-end. The Eurozone's rapid slowdown in inflation has created a divergence in monetary policy with the US, attracting US businesses to European debt.