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Wall Street’s Big Banks Are Set to Tap the Corporate Bond Market

  • Investors turn to shorter-dated credit as an inflation hedge
  • Riskier CCC debt still an ‘attractive’ opportunity: Barclays
An office worker enters the JPMorgan Chase & Co. headquarters in New York.

An office worker enters the JPMorgan Chase & Co. headquarters in New York.

Photographer: Michael Nagle/Bloomberg

Wall Street’s biggest banks are expected to hit the corporate bond market after they report quarterly results in an effort to raise money before the Federal Reserve knocks borrowing costs higher.

JPMorgan Chase & Co. credit research analysts Kabir Caprihan and Nikita Dyatlov expect big banks to borrow a combined $24 billion to $32 billion following their earnings reports. Citigroup Inc., Wells Fargo & Co. and JPMorgan itself all announced results this past week.