U.S.-China Tensions Fail to Stop Asia’s Humming Bond Deal Machine
- U.S. high-grade sales hit milestone at fastest rate ever
- European supply passed 900 billion euros; Asia set for record
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Companies are selling more bonds than ever with the backing of central banks, putting supply in the U.S. and Europe on track to reach records.
Some of the eight U.S. investment-grade companies that brought bond sales Thursday helped tip year-to-date supply past $1 trillion at the fastest rate ever. European borrowers passed 900 billion euros ($991 billion) on Wednesday, two months earlier than in 2019, and got up to 921.5 billion euros with Thursday’s haul.