High-Grade Borrowing Onslaught Sets Two-Day Record With 38 Deals
- Walmart, Marriott headline second day of borrowing blitz
- Continued heavy supply may weigh on market, JPMorgan says
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Investment-grade borrowers stormed the U.S. primary market again Wednesday, bringing another 17 deals one day after setting the single-day record with 21.
The deluge of bond offerings from companies makes up for a slowdown in sales over the two weeks before Labor Day. Issuers are back from the holiday looking to capitalize on an attractive funding environment that could worsen should rates rise.