The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

 
 
()

Subscribers Only

U.S. bond issuance on fire, much hotter than Canada's

It's been a spectacular year for U.S. debt desks. A record year, in fact.

To date in 2012, a whopping $1-trillion has been issued south of the border, and there are still a few weeks left before Christmas.

The hot market is a rather abrupt reversal from 2011. New debt issues this year are up 20 per cent in the U.S., according to Barclays Capital, driven by scorching non-financial companies who have sold $630-billion worth of debt, 35 per cent more than they did last year.