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

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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.  Year-to-date bond offerings trounce last year’s pace, as companies issued roughly $1.14 trillion in investment-grade debt throughout 2019, according to the Securities Industry and Financial Markets Association. The issuance frenzy comes after the Federal Reserve’s historic move into corporate-debt purchases drove investors back into risk markets. Visit the Business Insider homepage for more stories.

US investment-grade companies have issued more than

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