US Blue-Chip Bond Sales Hit $88 Billion, Busiest Week Since 2020

Investment-grade firms are on their biggest US borrowing spree since the pandemic-era boom.

Sales of top-notch dollar bonds have surged to $88.4 billion this week — the most for any week since May 2020, when near-zero rates and extraordinary stimulus fueled record issuance — according to data compiled by Bloomberg. The tally, an all-time-high for early January, has blown past dealer estimates of about $70 billion for the period.