From Amazon to Airbnb, US Blue-Chip Bond Sales Flirt With Record
An order moves along a conveyor belt at a Amazon.com Inc. fulfilment center.
Photographer: Chris J. Ratcliffe/BloombergMiddle East war. Rising yields and oil prices. Private credit distress. It barely seemed to matter for corporate borrowers this week as US investment-grade bond sales came close to yet another record.
Volumes reached $115 billion, just shy of the record weekly high of around $117 billion notched in 2020 when pandemic-related shutdowns and unprecedented measures by the Federal Reserve fueled a rush of capital raising by companies staring into the unknown.