US investment-grade debt issuance tops $1 trillion on back of Fed purchases

11:39am PDT - May 20th, 2020    the high note - Business Insider

  • US investment-grade bond issuance topped $1 trillion on Tuesday as the corporate-credit market rebounds from March lows.
  • High-grade issuance on Tuesday reached $11.2 billion across 11 deals, Bank of America strategists said in a note.