US Dollar Credit Supply: Primary markets remain busy
Both corporate and financial supply are still running ahead of most previous years
Executive summary
Corporate supply remains large and well in demand
Corporate supply totalled US$48bn in April, up on last year’s US$31bn in April. As such YTD supply remains ahead of most previous years, with the exception of the record-breaking, Covid-19 driven supply in 2020. Much of this is front loading as we expect a slower second half to the year due to some more uncertainties around the economic environment and upcoming elections.
Financial supply still running ahead of previous years
Financial supply totalled US$48bn in April, up on last year’s US$29.5bn, but shy of the monthly numbers we have seen in previous Aprils. On a YTD basis, supply has accumulated up to US$255bn, still ahead of previous years.
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