Corporate bond issuance is on pace to decline 14.3 percent this year. This comes at a time when corporations have been aggressively buying back shares. With six months in, US corporate bond issuance remains soft. In June, corporations issued $73.2 … Continued
In 1Q22, US corporate bond issuance was down 14.5% y/y, with high-yield collapsing 68%. This took place even as HYG, along with LQD – already under sustained pressure – are clinging on to crucial support. In the first three months … Continued
Continued contraction in corporate issuance of high-yield bonds is likely creating a supply-demand imbalance, helping the likes of HYG. Eight months in, 2018 corporate debt issuance continues to shrink. August saw issuance of $98.6 billion, made up of $83.4 billion … Continued
Among U.S. corporates last year, issuance of high-yield bonds fell for the second straight year, to $261 billion. The peak was reached in 2013 at $334 billion, followed by $311 billion in 2014 (Chart 1). Investment-grade as well as total … Continued
U.S. corporate bond issuance is on track for yet another record year this year. In the first half, issuance totaled $877.7 billion, comprised of $697.8 billion in investment-grade and $179.9 billion in high-yield. Annualized, both categories, as well as the … Continued
U.S. corporate share buybacks in full swing; debt issuance on track for yet another record year Despite surge in issuance and rising share of high-yield debt, there is silver lining in cloud Corporations have been extending maturity as well as … Continued