US bond market braces for another landslide

New York bond syndicate bankers predicted before last Friday’s non-farm payroll report that another very big week in the US high grade market was on the cards .They were right. More huge deals, including a $6bn four tranche offering for GlaxoSmithKline, $5bn of senior and hybrid debt for Citigroup and $2bn for Berkshire Hathaway had spilled on to the Street by mid-afternoon on Tuesday. Is there no end to the flood of deals?