Bonds sales up 31% since Oct. '06

The bond market is recovering from the credit crisis, with $41.4 billion bonds sold in October.
NOV 01, 2007
By  Bloomberg
The bond market is recovering from August’s credit crisis, with $41.4 billion bonds sold in October, The Bond Buyer reported. The increase in sales — 31% since October 2006 — was due to 14 sales larger than $500 million, according to BB, based on preliminary data from Thompson Financial, a Canada-based financial information solution company. More than $366 billion in bonds were sold from January to October, 2007, and, except for August — U.S. credit crisis was at its peak — each month delivered increased market volume. Thompson’s data showed that general purpose finance increased to $15.3 billion bonds generated. Health care issuers sold $4.3 billion in October, up from $3.6 billion, and electric power issuers sold $2 billion, up from $725 million last year, according to the report. Issuers sold $5.5 billion of debt in auction, a 228% increase from $1.7 billion October 2006, Thompson’s data showed.

Latest News

Advisor moves: LPL and Raymond James add veteran advisors in California
Advisor moves: LPL and Raymond James add veteran advisors in California

LPL welcomes a Beverly Hills-based practice from Wedbush Securities as RayJay adds a Stifel alum to its employee advisor arm.

Is the SEC's private fund exemption rule about to change?
Is the SEC's private fund exemption rule about to change?

House bill seeks inflation-based adjustment to private fund advisor exemption.

Congress pushes to make fintech oversight offices permanent at SEC, CFTC
Congress pushes to make fintech oversight offices permanent at SEC, CFTC

A new House measure would enshrine FinHub and LabCFTC as permanent fixtures, deepening ties with financial technology sector.

CFP Board names Barry Gersten head technology officer
CFP Board names Barry Gersten head technology officer

The seasoned IT leader arrives as the credentialing body for CFP professionals considers AI's implications for the future of financial planning.

FINRA and advisors' other work
FINRA and advisors' other work

The brokerage industry regulator once again takes a stab at updating rules for independent brokers with other businesses and jobs

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave