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
Markets

Stocks will likely be trapped in a ‘fat and flat’ range until pandemic-led economic fallout fades, Goldman says

The stock market’s swift rebound through April drove Goldman Sachs’ Risk Appetite Indicator to its biggest-ever increase, and the bank now warns “worsened” symmetry in the investing landscape will tear into returns. Stock prices “appear high considering the uncertainty over growth, policy, and inflation,” the team wrote Friday, and investors […]
Stocks will likely be trapped in a ‘fat and flat’ range until pandemic-led economic fallout fades, Goldman says
Markets

Companies are set to issue record debt for a 2nd straight month — and Bank of America says it’s because the Fed ‘solved’ a looming credit crisis

US investment-grade debt issuance is on pace to post its second-straight monthly record, Bank of America said in a Monday note. New offerings totaled $US22 billion on Monday, bringing the April sum to $US229.7 billion and “within striking distance” of March’s $US261 billion record, the analysts wrote. The Federal Reserve’s […]
Companies are set to issue record debt for a 2nd straight month — and Bank of America says it’s because the Fed ‘solved’ a looming credit crisis
Markets

The world is swimming in $244 trillion of debt

Global debt is hovering near an all-time high at $US244 trillion, the Institute of International Finance said in a new report. The corporate sector has accounted for a third of global debt growth since 2016, placing the ratio of corporate debt to gross domestic product at a record high. In […]
The world is swimming in $244 trillion of debt