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Companies Double Down on Bond Sales

Forget about a summer lull; there has been $30B in corporate issuance so far this week.

By Claire Boston and Christopher Olsen, Bloomberg | Updated on August 12, 2016

U.S. companies have sold more than $245 billion — or almost a quarter of all bonds issued this year — in only seven weeks. And investors can’t get enough, driving down borrowing costs for even the junk-rated issuers to 14-month lows.

“To borrow a phrase from a couple great singers in history, it’s feeling a little bubblelicious in the credit markets,” Mike Swell, co-head of global portfolio management for fixed income at Goldman Sachs Asset Management, said in an interview on Bloomberg TV.

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