US Companies Are Lining Up to Sell Bonds Again as Yields Fall
- High-grade bond issuance this week was busiest since March
- Junk bond sales on Thursday were bigger than for all of July
This article is for subscribers only.
Blue chip and junk-rated companies are lining up to borrow again in US debt markets as recession fears wane and yields drop.
Investment-grade companies sold more than $56 billion of bonds in the US this week, the busiest week for sales since March and about double the volume that dealers had forecast late last week. Social media behemoth Meta Platforms Inc. took advantage of the relatively strong demand to sell its first ever corporate bond deal, offering $10 billion of securities.