CREDIT DAYBOOK AMERICAS: High-Grade Sales Set for January Record

US corporate bond sales are poised for the biggest January on record as companies rush to borrow money, driven by insatiable investor demand and tight spreads.

• The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, widened 0.22 basis points to 54.6 as of 7:17 a.m. New York time
• Borrowers are expected to front-load deals this week to get out ahead of any possible volatility stemming from the Federal Reserve’s Jan. 30-31 meeting
  • Officials’ main focus at the January FOMC meeting will be laying out when and how to communicate about ...