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Appetite for Corporate Debt Keeps Issuance Boom Alive

Debt sales during the first week of January were strong.

By Lisa Abramowicz, Bloomberg | Updated on January 09, 2017

Perhaps Wall Street analysts spoke too soon when they predicted 2017 would mark the slowdown of an unprecedented boom in corporate credit. Last month, bankers and investors told Bloomberg’s Claire Boston that they expected U.S. investment-grade bond sales to finally slow after six consecutive years of unprecedented issuance. But the exact opposite seems to be happening, at least if the first few days of 2017 are any guide. Debt sales are accelerating, with the biggest volumes of issuance ever for the first week of January, according to data compiled by Bloomberg.

And investors are showing as much appetite for the bonds as ever. They poured $2.3 billion into U.S. investment-grade bond funds over the past week, the biggest flow since early October, according to Wells Fargo Securities.

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