This week showcased a stark contrast in bond market activity: investment-grade issuers capitalized on strong demand with $47.6bn in supply (crushing the $30bn estimate), while high-yield markets maintained a cautious $6.4bn pace, moving like a 'tractor in low gear.'" IG Highlights: ✅ Amazon's blockbuster return after 2+ years - $15bn six-part deal with nearly $80bn in demand ✅ November volume hit $136bn, surpassing monthly estimates ✅ Strong investor appetite despite heavy supply and macro volatility ✅ New issue concessions tightened to 2.71bp Read the full IG weekly wrap-up by Robert Martin here: https://lnkd.in/e8wNYXan HY Reality Check: 📊 Spreads widened +12bps for the week, +25bps month-to-date 📊 CCC credits underperforming, wider by +18bps 📊 Market sentiment remains "calculated and in the moment" 📊 Taking cues from equity volatility and Fed uncertainty Read the weekly HY report by Peter Knapp here: https://lnkd.in/eMd3-TZF As we head into Thanksgiving week with expected lighter volumes, the divergence between these markets tells the story of where investor confidence sits right now. Not subscribed? Sign up for your free trial now: https://lnkd.in/dRvs8vDK #IGM #Informa #BondMarkets #InvestmentGrade #HighYield #FixedIncome #CapitalMarkets
