Big US Banks Set to Temper Bond Sales After Stout 2026 Debut (1)

The six largest US banks are expected to issue fewer bonds this quarter after the busiest start of a year on record.

Analysts from JPMorgan Chase & Co. and Barclays Plc are predicting the group will issue between $35 billion and $45 billion of high-grade securities this quarter. That compares with $65.8 billion of investment-grade debt priced in the first quarter, even as Citigroup Inc. held off issuance, according to data compiled by Bloomberg.

Nearly all of the debt was sold before the Iran war began, led by a sector-record $16 billion deal from Goldman Sachs Group Inc., in ...