CREDIT DAYBOOK AMERICAS: Muted Debt Issuance Set to Continue

Another quiet week could be in store for sales of corporate bonds and leveraged loans in the US, as earnings season gets busier and the government shutdown persists.

• Syndicate desks project about $15 billion of investment-grade note issuance this week, after just $3.6 billion of deals priced last week excluding the combined $23 billion raised post-earnings by Goldman Sachs, Morgan Stanley and JPMorgan
• The cooldown in leveraged-finance activity may have further to run amid recent concern about lower-rated borrowers, after just seven leveraged loans launched last week and only two junk bonds priced
  • While loans capped their biggest two-week price ...