CREDIT DAYBOOK AMERICAS: High-Grade, Junk Issuance to Stay Quiet

July 5, 2022, 11:30 AM UTC

New US bond sales are expected to remain muted over this holiday-shortened week as volatility continues to disrupt borrowing plans. A key measure of credit risk, CDX IG, opened little changed Tuesday.

  • Syndicate desks expect around $15 billion of investment-grade bond sales, according to an informal survey of debt underwriters, though banks have struggled to forecast supply recently
  • Chemical maker Celanese is a candidate to sell debt to help fund its acquisition of Dupont Mobility & Materials after the company opted to push the sale last week
  • The junk bond market remains under pressure amid the broader selloff, and ...

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