U.S. Corporate Bond Issuance in Slowest Start to Year Since ’08
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Sales of corporate bonds in the U.S. are off to the slowest start in six years as relative yields narrow to the least since 2007.
Offerings in the first 10 days of the year were $32.5 billion, the least since $27 billion at the beginning of 2008, according to data compiled by Bloomberg. General Electric Co., the borrower with the most debt maturing in 2014 of any issuer in the market, sold $3 billion of bonds while Icahn Enterprises LP raised $3.65 billion in its biggest sale.