CREDIT DAYBOOK AMERICAS: Yields Fall for Fourth-Straight Session

Average yields on both US high-grade and junk bonds have fallen for four straight sessions, paving the way for debt sales ahead of this week’s inflation data.

• Investment grade finished Monday at 4.74% while high yield fell to 6.65%, both again hitting levels not seen since October 2024 and April 2022, respectively
• In this environment, 17 firms sold $27.9 billion of US high-grade bonds yesterday while five companies issued a combined $4.2 billion of junk-rated notes
  • Japanese auto-parts maker Densokicked off investment-grade activity overnight, and others that could Tuesday’s slate include automaker Stellantis’ finance arm and ...