Apollo's Zelter Sees Investment-Grade Debt Sales Beating Treasury Issuance in 2026
Updated
Updated · Bloomberg · Jun 4
Apollo's Zelter Sees Investment-Grade Debt Sales Beating Treasury Issuance in 2026
1 articles · Updated · Bloomberg · Jun 4
Summary
Investment-grade corporate bond sales will exceed net US Treasury issuance this year, Apollo President Jim Zelter said in a Bloomberg TV interview on Thursday.
Magnificent Seven tech companies and other large borrowers are expected to drive that surge as they raise heavy funding for expansion.
Zelter said the outlook also reflects the depth of US capital markets, pointing to a pipeline of mega-IPOs, including one he said could involve Alphabet.
The call suggests private-sector financing demand could rival or surpass government borrowing in 2026, underscoring how strongly big US companies are tapping capital markets.