Following their release of higher-than-expected quarterly revenue numbers, several big banks are tapping the U.S. investment-grade market this week.

"With the increase in yields, U.S. corporate bonds [are] more attractive versus European corporate bonds for all tenor points and all currencies, for the first time this cycle."

Blue-chip firms capitalized on robust investor demand to borrow a record $529.5 billion.

As safety concerns limit the company's ability to boost production, CFO Brian West predicts a massive cash drain this quarter—an outflow of at least $4 billion.

Sustainable bonds are expected to post record issuance this year, propelled by borrowers seeking cash to fund energy-transition plans.

Remarkably strong demand for high-grade bonds brought spreads to the narrowest since November 2021 and resulted in $60.3 billion in volume.

The sale indicates investors want to buy bonds that fund acquisitions, a form of debt they largely avoided last year.

One $95 billion asset manager is bracing for bond yields to gyrate and for high borrowing costs to weigh on corporate earnings.