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The Investment-Grade Bond Sales Flood Is Set to Recede Next Week

  • $25 billion of new investment-grade supply expected next week
  • Junk-bond issuers waiting for opportunities to issue

After the fourth-biggest month for U.S. high-grade sales on record, companies are expected to bring a more modest $25 billion to kick off the first full week of April. 

Investment-grade borrowers rushed to the market all March before rates edged even higher. The $230 billion volume dwarfed consensus expectations of $135 billion and was the largest beat in at least three years, according to Bloomberg-compiled data. April is projected to slow to about $90 billion to $100 billion -- easing pressure on yields.