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The heart of Canada’s financial district at the corner of King and Bay streets in Toronto.
The heart of Canada’s financial district at the corner of King and Bay streets in Toronto.
(KEVIN VAN PAASSEN/THE GLOBE AND MAIL)

The debt market that hasn’t slowed down

With interest rates soaring, investment-grade corporate debt sales are down.

Globally, top-rated corporate debt is down 2 per cent so far this year from last year. But demand for high-yield bonds, interestingly, looks strong. There has been a 31-per-cent increase in high-yield new issuance, according to figures Friday from Thomson Reuters.