US Dollar Credit Supply: October slowdown
Executive summary Drop in supply in October, but Reverse Yankee supply continues to impress USD corporate issuance totalled US$59bn in October, down from US$112bn in September. Despite the slower monthly volume, YTD issuance reached…
Drop in supply in October, but Reverse Yankee supply continues to impress USD corporate issuance totalled US$59bn in October, down from US$112bn in September. Despite the slower monthly volume, YTD issuance reached US$1,059bn, exceeding last year’s full-year level of US$920bn. Corporate net supply remained positive at US$30bn in October, bringing the YTD total to US$601bn.
TMT remained the largest contributor to USD corporate supply, with US$30bn issued in October and YTD issuance reaching US$435bn, compared with US$208bn over the same period in 2025. Utilities and Industrials & Chemicals remained the next largest issuing sectors, with YTD volumes of US$165bn and US$131bn respectively.
Corporate Reverse Yankee issuance amounted to €6.8bn in October, lifting YTD volume to €104bn. This has already exceeded the €92bn issued during the whole of 2025, making 2026 the largest year on record for corporate Reverse Yankee issuance.
Bank bond supply slowed down in October, but YTD levels remain ahead of 2025 USD bank bond supply reached just over US$52bn in October, down US$18bn from September’s level. Last month’s activity brings the 2026 YTD bank supply to nearly US$633bn, still well ahead of the 2025 YTD at US$495bn.
This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →
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