Post-Labor Day corporate debt frenzy rekindles US Treasury sales
BASIS. Dollar bills are seen in this image taken on June 14, 2022. REUTERS/Florence Lo/Illustration Acquired License RightsThe influx of U.S. investment-grade companies to issue bonds after Labor Day increased renewed pressure on long-term Treasury bonds, as some investors turned to buying top-rated corporate bonds that yield higher yields than government bonds.Offerings of at least 21 investment-grade bonds are expected to be priced in Tuesday, according to data from the International Financing Review Investors told Reuters they expect between $100 billion and $150 billion in new bond trading this month.
BASIS. Dollar bills are seen in this image taken on June 14, 2022. REUTERS/Florence Lo/Illustration Acquired License RightsThe influx of U.S. investment-grade companies to issue bonds after Labor Day increased renewed pressure on long-term Treasury bonds, as some investors turned to buying top-rated corporate bonds that yield higher yields than government bonds.Offerings of at least 21 investment-grade bonds are expected to be priced in Tuesday, according to data from the International Financing Review Investors told Reuters they expect between $100 billion and $150 billion in new bond trading this month.
