Bond Sale Tally Tops $118 Billion in Emerging Market Rush: Chart

Bond sales in dollars and euros climbed to $118 billion in the first two months of the quarter as accommodative policy in the U.S., stimulus measures in Europe and a rebound in oil bolstered appetite for higher-yielding debt. Argentina raised $16.5 billion in April, setting the stage for junk-rated borrowers with its first international sale since 2001. A month later, Russia tapped the Eurobond market for the first time since sanctions were imposed in 2014, while Qatar led issuers from the world’s largest oil-producing region with a record $9 billion offering.

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