The unstoppable bid on the market bonder high performance in USA This month he is expected to raise the volume of September to $ 51 billion, making him the fifth most active month recorded.
The bond supply storm was fueled by attractive returns, low risk premiums – with spreads well below 300 base points – and a US -resistant economy on the background of interest rates. September is ready to become the third most active month at the end of Tuesday.
The most active month recorded was March 2021, with over $ 59 billion on offer, followed by $ 58 billion in June 2020, according to Bloomberg data. The four months with the largest edition were recorded during the Covid-19 pandemic, when the federal bank reduced interest rates and also marked that it was ready and willing to buy American “junk” bonds, enhancing market confidence.