Why Corporate Bonds Are Giving Treasuries a Tough Time

AI summary

The Treasury is issuing $119 billion worth of 3-, 10-, and 30-year bonds while investors await a surge in corporate debt issuance. The week after Labor Day is typically a busy time for corporate bond issuance because the calendar period hits the right spot: after the summer lull and before the winter holidays. About $65 billion worth of investment-grade bonds get issued, on average.