U.S. corporate bond, IPO markets heat up as recession fears persist

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U.S. corporate bond, IPO markets heat up as recession fears persistCorporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut. Approximately 70 companies have registered with the U.S. Securities and Exchange Commission to go public, according to estimates from Renaissance Capital, while $72 billion in investment-grade corporate debt – a figure nearly as large as the total issuance in August - was issued last week, according to data from Dealogic. As a result, even companies like Apple Inc and Walt Disney Co that have billions of cash on hand are taking on new corporate debt, taking advantage of the opportunity to lock in historically low borrowing costs while investor demand for yield remains high.


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