US Companies to Move Bond Sales Forward If Rates Rally, BofA Says
- Bank’s IG syndicate head Mead expects ‘quieter’ second half
- The lender is top underwriter of US high-grade bonds this year
A Bank of America Corp. branch in New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
An improving rates environment in the second half of 2023 could motivate US blue-chip companies to execute bond sales initially slated for next year, according to Bank of America Corp.
The Federal Reserve on Wednesday raised interest rates to the highest level in 22 years and Chair Jerome Powell said the central bank hasn’t made a decision to hike at every other meeting, bolstering bets the central bank will skip a rate increase in September.