🚨 BREAKING: US investment-grade corporate bond issuance hits record January high
US investment-grade corporate bond sales surged +12% YoY in January, reaching $208.4 billion, marking the highest January issuance on record. This is only the 6th time in history that monthly issuance has crossed the $200 billion level.
Historically, higher issuance levels were last seen during extreme market stress periods—March, April, and May 2020, and March 2022. By comparison, the 6-year January average stands significantly lower at $153.5 billion, highlighting the scale of the current borrowing surge.
This wave of issuance is contributing to a broader global trend, with total public bond issuance rising +11% YoY, hitting a record $930 billion in January. The US remains a key driver of this global debt expansion.
From a macro perspective, elevated corporate borrowing reflects continued reliance on debt markets amid shifting rate expectations and refinancing needs. The scale of issuance underscores growing leverage across the corporate sector.
Market participants should monitor credit conditions, yield movements, and macro policy signals, as sustained borrowing at this pace may have broader implications for liquidity and risk assets.
#Macro #Bonds #MarketCorrection #CryptoMacro #ZebuxMedia
