CREDIT DAYBOOK AMERICAS: Week’s High-Grade Sales Poised to Slow

The pace of sales is liable to slow in the US investment-grade bond market on Thursday, as the risk-on rally shows signs of fading and participants look to key economic reports including retail sales.

• High-grade companies have sold $37 billion of notes this week, compared with dealer forecasts at the end of last week of around of $35 billion. Sales on Wednesday were $11.5 billion
  • Recent deals have seen strong demand, with the eight companies that issued Wednesday paying yields on their debt that were lower than their existing securities by an average of about 6 basis points, according ...