Reuters logo
US high-grade bond market in second-biggest week ever
March 5, 2014 / 10:31 PM / 4 years ago

US high-grade bond market in second-biggest week ever

NEW YORK, March 5 (IFR) - The red-hot US high-grade bond market priced US$19.3 billion more debt on Wednesday, pushing the week’s tally so far to US$43.95 billion - the second-busiest week ever recorded.

It was high-grade’s second consecutive day with over US$19 billion in volume, as borrowers jumped into the market to seize on a wash of investor cash waiting to be put to work.

Syndicate desks said more deals are expected on Thursday.

Only the week of September 13 2013 was bigger at US$65.265 billion - and that was due to Verizon’s US$49 billion bond issue, the largest bond ever.

This week, however, has seen a surge of issuance across sectors and maturities, as investors and borrowers alike have shrugged off worries about Ukraine and raced to get deals done before the all-important US payrolls number is released Friday.

AT&T, Ford Motor Credit and HSBC were among the well-known names in the market today.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below