US High-Grade Bond Sales Expected to Reach Record $190 Billion in May

5 articles · Updated · Bloomberg · Apr 28

Bank of America forecasts May's investment-grade corporate bond issuance will rise by $15 billion from April, reaching $190 billion, the highest since the Covid-19 pandemic.
The surge is attributed to companies accelerating fundraising for hyperscalers, mergers and acquisitions, and data centers, aiming to secure financing before potential increases in Treasury yields.
This front-loaded issuance reflects concerns that rising oil prices and a robust US economy could soon push borrowing costs higher, prompting firms to act quickly.

How will massive government borrowing affect the future of corporate interest rates and investor returns?

What happens to companies that locked in debt if interest rates unexpectedly fall later this year?

Are hidden off-balance-sheet obligations creating a systemic risk for the entire U.S. financial system?

With trillions at stake, can AI revenues truly cover the massive debt being raised by tech giants?

Does the AI data center buildout account for its massive future energy and environmental costs?