CREDIT DAYBOOK AMERICAS: JPMorgan Tops League Tables; Fed Meets

JPMorgan Chase is topping league tables for corporate bond sales globally this year, with 7.5% market share, according to Bloomberg data that aggregates high yield and investment-grade debt. Elsewhere, traders will be focused on Federal Reserve Chair Jerome Powell’s messaging on the rate path as the central bank is expected to keep interest rates steady for a sixth consecutive meeting.

• The spread on the Markit CDX North American Investment Grade Index, which declines as perceived credit risk drops, widened 0.28 basis points to 54.1 as of 7:17 a.m. New York time
• International bond sales totaled $2.3 trillion through April, ...