CREDIT DAYBOOK AMERICAS: Inflation Data Set to Slow New Issuance

Issuance in US corporate-bond markets is liable to decelerate as investors focus on August’s producer price index set to be released Wednesday, followed by the consumer price index on Thursday.

• Tariff pass-through is expected to show up more directly in the PPI report, according to Bloomberg Economics
• The investment-grade market had $8.5 billion of sales Tuesday, less than a third of Monday’s level
  • Kicking off Wednesday’s action was an overnight deal from Komatsu Finance America, after fixed-income investor calls were held Tuesday
  • Supply of new high-yield notes also slowed yesterday
• At least six US leveraged-loan deals have lender commitments due ...