- U.S. corporate borrowers flooded the investment-grade and junk bond market on Tuesday, getting ahead of expected market volatility on this month's rates decision by the Federal Reserve and the upcoming U.S. presidential election.
Syndicate desks expect roughly $50 billion worth of investment-grade deals this week, compared with an average $61.1 billion since 2016, he said. "Borrowing conditions are neither too hot nor too cold but there are risks that could cause more market volatility in the near term. So if there is a window, we are trying to encourage issuers to raise debt now if they already haven't," he added.
Some 29 investment-grade deals are expected to price on Tuesday, according to IGM. These include paper from carmakers American Honda Finance, General Motors and Ford Motor.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »