US corp bond sales slow but Fed keeps spirits up

By David Rothnie
28 May 2020

May has been another stellar month for US corporate bond issues, but issuance is expected to fall sharply as lockdown restrictions start to be lifted and international political concerns return to centre stage.

Ten borrowers raised just over $10bn between Tuesday and Thursday, pushing supply for May to almost $190bn, ending two months of consecutive record-breaking supply, according to Dealogic.

Investment grade firms have crammed $738bn of supply into the first five months of 2020, just $32bn shy of the ...

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