IFR SNAPSHOT - Busiest September ever for IG winds down
WEB1 day ago — The US investment-grade corporate bond primary today is winding down the month of September, already the busiest September for IG volume, with three offerings expected to price on Monday. And the high-yield primary continues to pump out offerings with at least three issues slated for sale today ...
IFR SNAPSHOT - The HY primary active while IG sits one out
WEB4 days ago — IFR SNAPSHOT - The HY primary active while IG sits one out. The US investment-grade primary is quiet on Friday after it saw volume beat expectations during a busy week when 32 issues priced. The high-yield arena is going for one more offering today, a US$500m issue from US Foods, to close out the week and to add to the 13 issues already priced ...
IFR SNAPSHOT - Issues roll out into IG and HY primaries
WEBSep 24, 2024 — The US investment-grade bond primary continues its run today with at least 11 offerings slated for sale as issuers and investors ride the wave triggered by the 50bp fed funds rate cut last week. In the high-yield primary six issues are expected to price today. Rounding out a busy day in markets, a ...
IG issuers return in full after Tuesday's record session - IFRe
WEBSep 4, 2024 — IFR SNAPSHOT - IG issuers return in full after Tuesday's record session. At least 18 IG issuers are slated to price deals today, after borrowers flooded the market on Tuesday with 29 deals – the most ever in a single day. Borrowers easily exceeded the previous record of 23 deals set on September 3 2019 and then repeated on September 7 …
IFR SNAPSHOT - IG and HY primaries still going strong
WEB6 days ago — The average IG bond spread remained unchanged at 92bp on Tuesday and the HY bond spread widened by 6bp to 321bp, according to ICE BofA data. "IG index spreads narrowed 0-1bp during yesterday’s session, and the ICE Corporate index opens this morning at a spread to Treasuries of 92bp. That’s the narrowest spread for the IG index since July 16 ...
IFR SNAPSHOT - IG market returns with deals from Citi, HP …
WEBSep 12, 2024 — The average IG bond spread was unchanged at 101bp on Wednesday, and the HY bond spread tightened 2bp to 344bp, according to ICE BofA data. "High grade spreads closed yesterday mostly unchanged on volumes that remained very strong, running 20% above the average Wednesday over the past year," BMO said in a report this morning.
IFR SNAPSHOT - IG primary quiet while HY still busy
WEBSep 20, 2024 — IFR SNAPSHOT - IG primary quiet while HY still busy. The US investment-grade primary is taking a breather today after a week that included the Federal Reserve's first fed funds rate cut in four years, while the HY primary is active with two offerings. The larger-than-expected 50bp reduction on Wednesday triggered a US …
IFR SNAPSHOT - IG issuers wrap up unprecedented 59-deal week
WEBSep 6, 2024 — No investment-grade issuers are slated to price bonds on Friday, as borrowers wrap up an unprecedented post-Labor Day deal spree when they priced more bond offerings than in any week on record.
IFR SNAPSHOT - Post Fed, US corporate primaries back in the swing
WEBSep 19, 2024 — The US investment-grade corporate primary, after pausing yesterday, is back in action with two issues on Thursday following the Federal Reserve's rate cut. The high-yield arena is also active today with at least two offerings expected to price. After keeping rates on hold for 14 months, Deutsche Bank …
IFR SNAPSHOT - IG bond market cools after fevered issuance pace
WEBSep 5, 2024 — IFR SNAPSHOT - IG bond market cools after fevered issuance pace. At least 10 investment-grade bond offerings are slated to price on Thursday, as the market for new issuance from the best-rated corporate credits downshifts after shattering weekly forecasts in just two days. The investment-grade bond market welcomed 19 …