U.S. Investment-Grade Bond Dealers See Sales Swell After Rout - BitcoinEthereumNews.com
KabuhayanU.S. Investment-Grade Bond Dealers See Sales Swell After Rout05 / 08 / 2022Balita ng Ethereum ng Bitcoin (Bloomberg) — Investment-grade issuers may sell bonds at a faster pace next week after market volatility had pushed many borrowers to the sidelines over the past month. Karamihan Basahin mula sa Bloomberg Estimates for next week‘s U.S. high-grade bond sales call for $25 billion to $40 billion. That’s well ahead of this weeks sales, which fell shy of consensus for the second week in a row because of wild swings in risk-asset prices. Considering the pent-up supply after issuers stood down, and the fact that most syndicate desks were anticipating $125 billion to $150 billion of fresh debt in May, its likely many will try to come back to market in the next possible window. Borrowing costs are expected to keep rising, giving companies incentive to knock out funding plans while they can. Fear is mounting in credit markets, as worries about slowing economic growth and faster inflation send risk measures to levels not seen since the coronavirus pandemic first roiled investors. Barclays Plc revised its investment-grade spread forecast wider to 145 to 150 basis points by the end of the year, compared with its previous forecast of