CREDIT DAYBOOK AMERICAS: More Sales on Tap by Wall Street Firms

Additional high-grade bond sales from big US banks could take place on Thursday, after a combined $15 billion of post-earnings issuance by Goldman Sachs and JPMorgan.

• Morgan Stanley and Bank of America, which both reported 3Q results yesterday, are prime candidates to bring investment-grade deals today
  • Silicone maker Momentive kicked off a bond sale overnight
• Meanwhile, activity is set to pick up in leveraged finance
  • High-yield bonds could see their first pricings of the week on Thursday, following a sharp slowdown in activity of late
  • Just $6.9 billion of issuance has occurred so far this month, versus at least $25 ...