Bonds
US High-Grade Bond Sellers Eye $125 Billion in September Deals
This article is for subscribers only.
Companies are poised to sell about $125 billion of US high-grade bonds next month, according to an informal survey of banks that underwrite the debt, as the average high-grade yield continues to fall and borrowers work to get ahead of the US presidential election.
A good chunk of September’s estimate could come in the first three sessions following the Labor Day holiday, which falls on Sept. 2 this year. The week following the holiday is usually one of the busiest of any year — borrowers priced $55 billion that week in 2023, according to data compiled by Bloomberg.