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Get Ready for a Big Wave of U.S. Corporate Bond Sales in May

  • Estimates for issuance among three dealers top $100 billion
  • Total issuance for 2016 may come close to last year's record
Updated on

Wall Street’s biggest underwriters are gearing up for a deluge of U.S. corporate bond sales in May, after a relatively dry April.

Money managers have cash to put to work in the U.S., as negative yields in Europe and Japan drive investors overseas in search of higher returns. Corporate investment-grade funds saw inflows of $1.36 billion last week, the seventh straight week of deposits, according to Lipper US Fund Flows data. And there’s a growing number of companies from Apple Inc. to Dell Inc. that are likely to tap the market this year to fund share buybacks or acquisitions.