Companies Are Rushing to Sell Bonds Before It Gets Even More Expensive
- Walmart, McDonald’s lead biggest issuance day in 12 months
- Borrowers move to get ahead of inflation data, Fed meeting
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US companies extended a worldwide wave of issuance, offering the largest amount of bonds in 12 months amid rising borrowing costs.
Nineteen issuers are selling bonds Tuesday, with $30 billion to $40 billion of new supply expected to price. That’s the most since last September and comes after an almost 60-basis-point jump in high-grade yields since Aug. 1.