Strategic Advisers Core Income Fund

Halliburton Company (HAL) issued A2/A rated high-grade bonds worth $7.5 billion in November.

Investment-grade corporate bonds worth $28.8 billion were issued in the primary market in the week to May 27, 2016.

Stanley Fischer expressed his views on the US economy at the G30 Annual International Banking Seminar on October 11. This came three days after the dovish minutes of the FOMC September meeting.

Investment-grade corporate bond issuances worth $2.65 billion for the week ended November 27, 2015, and fell 92% from the previous week.

US financials dominated the primary market for high-grade bonds in the week ended April 22, 2016, making up 74.0%, or $13.1 billion, of all issues.

Yields on high-grade corporate bonds, as represented by the BofA Merrill Lynch US Corporate Master Effective Yield, have fallen since the Fed released its March policy statement.

Actavis (ACT)—a manufacturer of generic, brand, and biosimilar pharmaceuticals—issued $21.0 billion worth of bonds.

Visa (V) is a global payments company. It issued A1/A+ rated high-grade bonds worth $16.0 billion on December 9. It was the largest issue in December.

With the Christmas holiday upon them and New Year’s day around the corner, investment-grade corporate bond issuers stayed away from the primary market.

investment-grade corporate bond issuance fell marginally by 3.7% from the previous week while the number of issuers went down to 11 from 26.

Investment-grade corporate bonds worth $33.5 billion were issued in the primary market in the week ending December 4, 2015.

Investment-grade corporate bonds worth $32.8 billion were issued in the primary market in the week to November 20, 2015. They fell 0.4% from the previous week.

Investment-grade corporate bonds worth $32.9 billion were issued in the primary market in the week ending November 13, 2015.

On October 29, Microsoft (MSFT) issued Aaa/AAA rated high-grade bonds worth $14.0 billion. It was the largest issuance in October.

Halliburton (HAL) issued high-grade bonds worth $7.5 billion via five parts. Halliburton will use the proceeds to fund its acquisition of Baker Hughes (BHI).

US corporates were the biggest issuers of high-grade bonds in the week ending October 30. They accounted for 67.1%, or $25.7 billion, of all the issues.

US financials were the biggest issuers of high-grade bonds in the week ended October 23, 2015, making up 31.4%, or $8.0 billion, of all issues. Citigroup (C) issued high-grade bonds worth $4.5 billion.

Mutual funds currently own ~20% of outstanding corporate bonds—a gaining trend. Bond mutual funds thus have an increasing role in credit intermediation.