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Investment-Grade Corporate Bonds’ Issuance Fell Last Week
Investment-grade corporate bonds worth $28.8 billion were issued in the primary market in the week to May 27, 2016.
Which Companies Issued the Most High-Grade Bonds Last 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.
High-Grade Corporate Bonds React to the Fed’s March Policy
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 Led 2015’s High-Grade Bond Issuance
Actavis (ACT)—a manufacturer of generic, brand, and biosimilar pharmaceuticals—issued $21.0 billion worth of bonds.
Visa Led the High-Grade Bond Issuance in December 2015
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.
No Investment-Grade Corporate Bond Issuance in the Week Ending December 24
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.
Halliburton Company Led High-Grade Bond Issuance in November
Halliburton Company (HAL) issued A2/A rated high-grade bonds worth $7.5 billion in November.
Marginal Fall for Investment-Grade Corporate Bond Issuance
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 Bond Issuance Surges
Investment-grade corporate bonds worth $33.5 billion were issued in the primary market in the week ending December 4, 2015.
Investment-Grade Corporate Bond Issuances Fell after Thanksgiving
Investment-grade corporate bond issuances worth $2.65 billion for the week ended November 27, 2015, and fell 92% from the previous week.
Investment-Grade Corporate Bond Issuance Fell Marginally
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 Bond Issuance Rose on the Week
Investment-grade corporate bonds worth $32.9 billion were issued in the primary market in the week ending November 13, 2015.
Microsoft Led the High-Grade Bond Issuance in October
On October 29, Microsoft (MSFT) issued Aaa/AAA rated high-grade bonds worth $14.0 billion. It was the largest issuance in October.
Halliburton Issued High-Grade Bonds to Acquire Baker Hughes
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).
Microsoft Led the High-Grade Bond Issuance Last Week
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.
Citigroup Issued $4.5 Billion Worth of High-Grade Bonds Last Week
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.
How Your Bond Mutual Fund Could Face Liquidity Risk—and Why
Mutual funds currently own ~20% of outstanding corporate bonds—a gaining trend. Bond mutual funds thus have an increasing role in credit intermediation.
The US Economy: Fischer and Brainard Weigh In
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.
