CREDIT DAYBOOK AMERICAS: Slowed Debt-Sales Pace Anticipated

South Korean chipmaker SK Hynix opened up activity overnight in the US high-grade primary market after a combined $54.3 billion of notes were sold the past two days. Longer-dated bonds have seen particularly fierce demand as investors try to lock in elevated yields.

• However, issuance is liable to slow from the combined 40 firms that priced notes already this holiday-shortened week as market participants prepare for Friday’s key employment report
  • That’s also likely to be the case for junk bonds, where seven companies sold a combined $4.9 billion of notes Wednesday
• US economic data will pick up ahead of the ...