CREDIT DAYBOOK AMERICAS: Capital Markets Face Slow Thursday

Little activity is anticipated Thursday in US debt capital markets amid Yom Kippur observances while the government shutdown enters its second day.

• The investment-grade bond pipeline has cleared, even as just $13.2 billion of deals have priced this week — barely half of dealers’ forecasts
  • No high-yield deals are expected to be completed after over $11 billion of notes were sold the prior three days
• Just one leveraged-loan transaction has a lender commitment due — a far cry from most Thursdays having by far the most deadlines during a week
  • About a dozen are due on Friday, however
• Berkshire ...