Central Banks Can’t Slow the Corporate Debt Binge

Tighter monetary policy hasn’t slowed the blistering pace of U.S. corporate debt issuance. High-grade companies, excluding financial institutions, have issued nearly $712 billion in bonds so far this year, the most ever for a comparable period, according to Dealogic records going back to 1995. Including financial institutions, companies have issued some $1.23 trillion of bonds, […]