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European banks to Asian corporates, global bond sales reach nearly $600 bn

Financial firms have led the charge in global issuance this year as a sector, with year-to-date sales topping $250 billion

Finbarr Flynn, Garfield Reynolds & Ronan Martin | Bloomberg
bonds market, currencies, currency, RBI, yield
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Bloomberg Intelligence forecasts US investment-grade bonds will return 10% this year after their worst performance in half a century in 2022

The best start to a year for bond returns is helping fuel an unprecedented debt-sale bonanza by governments and companies around the world of more than half a trillion dollars. From European banks to Asian corporates and developing-nation sovereigns, virtually every corner of the new issue market is booming, thanks in part to a rally that’s seen global bonds of all stripes surge 4.1% to start the year, the best performance in data stretching back to 1999.
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First Published: Jan 19 2023 | 5:28 PM IST

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