Wall Street Banks Sell $23 Billion of Bonds After Earnings
- JPMorgan leads issuers with an $8.5 billion jumbo deal
- About $35 billion of blue-chip sales are expected this week
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JPMorgan Chase & Co., Wells Fargo & Co. and Morgan Stanley are issuing US investment-grade bonds on Tuesday, kicking off what is expected to be a busy week in debt sales as big banks emerge from earnings blackouts.
All told, the three Wall Street giants accounted for $23 billion of the $30 billion in blue-chip company debt being raised Tuesday, making it the busiest day in terms of new bond sales so far this year, according to data compiled by Bloomberg.