U.S. Corporate Debt Holds Up Amid Market Volatility
- IG volume for May is two-thirds of the $150 billion expected
- Sentiment remains optimistic in high-yield primary markets
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Corporate bond sales have held up despite recent market volatility, and high-grade issuance is anticipated to be busy next week with a potential jumbo offering in the works.
May volume is currently about two-thirds of the $150 billion expected for the month, Bloomberg’s Michael Gambale reported. The week ahead looks to be active, but will likely fall short of the $50 billion needed to match estimates. Meanwhile, high-yield credit measures have weakened recently, though sentiment remains optimistic in primary markets.