CREDIT DAYBOOK AMERICAS: Weekly Miss Looms for High-Grade Sales

US investment-grade bond sales are at risk of missing the $45 billion low end of dealers’ full-week forecasts, as issuance could remain muted Thursday following the August CPI report.

• Only $900 million of notes priced Wednesday as PPI surprisingly declined, putting this week’s total at $37.2 billion
  • The inflation reading helped push a gauge that measures perceived credit risk in US high-grade corporates to its lowest level since Feb. 26
• Bloomberg Economics expects August’s core CPI to increase briskly, thanks to discretionary services like airfares and hotels
• Lender commitments are due on about 20 US leveraged-loan deals Thursday, ...