Glencore Plc. employees work on the trading floor of Glencore Agriculture, in Rotterdam, Netherlands, on April 25, 2017. Photographer: Simon Dawson/Bloomberg.
Wall Street banks are expected to launch a barrage of bond sales as soon as next week, capitalizing on ultra-low credit spreads and strong demand from investors after they report quarterly results.
The six biggest U.S. banks could borrow $20 billion to $24 billion after they post results, JPMorgan Chase & Co. credit analyst Kabir Caprihan wrote in a research note on Monday. That's more than the $15 billion they typically raised in October over the prior decade, according to Caprihan, and comes on top of the roughly $107 billion they have borrowed so far this year at the senior holding company level, according to data compiled by Bloomberg.
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