Corporate Bond Issuance Decelerates to Its Slowest Pace This Year
- Weekly sales seen remaining subdued until after July 4 holiday
- Investors concerned about rates and duration-sensitive credit
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Sales of investment-grade U.S. corporate bonds are on pace for the slowest week of the year as a flood of debt last week and trade tensions cool demand.
High-grade bond issuance is so far just 6 percent of the low-end projection of $15 billion for the week, and headed for the smallest amount since December, according to data compiled by Bloomberg. No borrowers stepped up on Monday or Wednesday, and Charter Communications Inc. was the only name to announce a deal Thursday.