Companies Flood Markets With Debt Sales as Rates Fears Ease

Companies are clamoring to sell bonds and leveraged loans after last week’s dovish comments from Federal Reserve Chair Jerome Powell and weaker-than-expected jobs data assured investors and helped push yields lower.

The junk-bond market is clocking in its busiest day so far this year, with 10 companies coming forward to borrow on Monday, according to data compiled by Bloomberg. In the leveraged loan arena, almost all of the 12 or so issuers tapping the market Monday are looking to refinance or cut borrowing costs on existing debt.

Investment-grade issuers — including Coca-Cola Co. with a three-part bond sale — ...