It's Easy to Build Custom League Tables That Show Wallet Share
Bloomberg Markets|October - November 2020
It's Easy to Build Custom League Tables That Show Wallet Share
WITH THE COVID-19 crisis driving down corporate revenue, many companies are resorting to borrowing—taking advantage of low interest rates and Federal Reserve lending programs. Stockpiling cash can help them navigate the uncharted territory of the pandemic.
REBECCA SGRIGNUOLI
Sales of U.S. investment-grade bonds broke records in the first half of the year, topping off just shy of $1.3 trillion, double the volume in the same period last year, according to data compiled by Bloomberg. Normally the second half wouldn’t bring quite as much issuance. The Fed, however, announced on July 28 that it would extend its lending facilities—which had been set to expire on Sept. 30—through the end of the year. With the pandemic still raging across the U.S., the bond binge has continued as well. The market didn’t have the typical summer slowdown from June through August. This June, July, and August, U.S. high-grade bond sales increased 47% in volume from the same period last year, Bloomberg data show.

Wallet Share

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October - November 2020