High-grade companies rush to tap US debt markets post-Labor Day

📆 5/9/2023 14:38:00

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By Matt Tracy (Reuters) - Top-rated companies were tapping the U.S. debt markets on Tuesday, in a widely anticipated post-Labor Day rush for financing ...

📆 5/9/2023 14:38:00
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STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Matt Tracy

At least 21 investment-grade rated companies have already announced plans to sell bonds on Tuesday morning, according to Informa Global Markets. September is typically the second-busiest month for U.S. debt issuance, according to credit research analysts at JPMorgan Chase, with an average issuance volume of $129 billion over the past four years outside 2020.

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