Forget Stocks, IG Credit’s Half-Trillion, Back-To-Back Bonanza Is The Real Story

Forget Stocks, IG Credit’s Half-Trillion, Back-To-Back Bonanza Is The Real Story

As the curtain closed on April, headlines touting the best month for US stocks since 1987 were ubiquitous. So were references to the seeming disconnect between equities' standout performance and the pitiable state of the global economy. But arguably more noteworthy than the S&P's 13% monthly gain was the second consecutive month of blockbuster investment grade issuance. In March, sales exceeded $260 billion, easily the most on record. Coming into Thursday, April had seen $252 billion in of
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2 thoughts on “Forget Stocks, IG Credit’s Half-Trillion, Back-To-Back Bonanza Is The Real Story

  1. You’d think all that fresh paper would sop up some of the cash sloshing around (to the detriment of equities). Perhaps it has, and if so, I shudder to think where equities would be otherwise.

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