U.S. High-Grade Supply of $20 Billion Expected in Next Week
- More banks could look to tap IG market after earnings
- Carnival, McGraw-Hill, Verizon Media may sell high-yield debt
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Investment-grade bond supply is expected to remain steady next week as companies are enticed by tight spreads and strong investor demand.
Syndicate desks are calling for $15 billion to $20 billion of fresh high-grade securities, with a greater percentage to come from corporate issuers after this week’s supply was dominated by banks.