Corporate America Is Rushing to Sell Debt Before the Holidays
- High-grade issuance may hit $20 billion with debt in demand
- Record-low junk bond yields could prompt another deal flurry
Photographer: Sascha Kilmer/Moment/Getty Images
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Credit markets are getting ready for a whirlwind of activity next week as companies rush to secure financing before the end of the year.
Investors can expect as much as $20 billion of investment-grade issuance in what’s likely the last sizable burst of deals before the holidays. Demand for new debt has been relentless and most newly sold bonds have rallied in secondary trading, smoothing the way for borrowers to move forward.