Markets

US investment-grade debt issuance tops $1 trillion on back of Fed purchases

US investment-grade bond issuance topped $US1 trillion on Tuesday as the corporate-credit market rebounds from March lows. High-grade issuance on Tuesday reached $US11.2 billion across 11 deals, Bank of America strategists said in a note. Year-to-date bond offerings trounce last year’s pace, as companies issued roughly $US1.14 trillion in investment-grade […]
US investment-grade debt issuance tops $1 trillion on back of Fed purchases