U.S. CREDIT WEEK AHEAD: Pace of Bond Sales to Slow; Fed Meets

Investment-grade bond supply is expected to moderate in the week ahead, after a borrowing blitz over the first three weeks of the month has already made it the second-busiest January ever for sales. Meanwhile, leveraged loan offerings are taking off amid a frenzy for the debt as Federal Reserve officials meet to prepare for a rate hike.

Wall Street expects around $20 billion of high-grade bond sales next week, according to an informal survey of debt underwriters. Financial companies have led the charge on more than $137 billion of bond sales already this month. The January supply record is $174 ...