US Corporate Bond Market Is Most Competitive Ever, Barclays Says

Strong demand for US corporate bonds has created the most competitive conditions on record across primary markets, and is spurring more trading in the secondary market too, according to Barclays Plc.

US high-grade and junk bond markets are more competitive than at any time since 2017, according to Barclays’ Competition Index, which is the bank’s own version of the popular Hirschman-Herfindahl Index that measures market concentration and competition.