U.S. High-Grade Sales, Large LBOs to Ramp Up
(Bloomberg) — U.S. primary debt markets will be wide open next week as investors take the news in stride that the Federal Reserve will begin selling its portfolio of corporate bonds purchased through an emergency lending facility during the pandemic.
Investment-grade bond supply is expected to ramp up for the rest of the month, after $20.25 billion sold in the holiday-shortened week. June estimates are centered around $110 billion of fresh supply. In riskier new issues, monster leveraged buyouts…
