CREDIT DAYBOOK AMERICAS: High-Grade Supply May Top Weekly Views

Investment-grade bond supply may surprise to the upside of projections for $30 billion this week after issuers led by Apple priced over $15 billion on Monday.

• Demand was strong Monday with new high-grade deals 3.8 times oversubscribed on average, writes Bloomberg’s Brian Smith
• The backdrop is shakier Tuesday morning, with US House Speaker Nancy Pelosi’s visit to Taiwan in defiance of Chinese threats leading to an equity selloff
  • Borrowing costs continue to fall, as US Treasury 10-year yields dropped for a fifth day and approached 2.5%, a level last seen in April
  • A measure of credit risk, CDX IG, ...