Corporate bond issuance in January is at $176 billion with a few days to go. That’s an all-time record for January and higher than any month last year. Last year’s issuance was up 5.5% over the previous year.Net percentage of banks tightening lending standards appears to have peaked and rolled over. As I’ve noted about a few other items, this looks a lot like what happens after a recession, not before.(Click on image to enlarge)There are still a few areas where lending standards are not falling:1. Auto loans – flat2. Consumer loans ex – auto and credit cards – still rising3. CRE secured by multi-family real estate – flat to risingMore By This Author:Weekly Market Pulse: SurprisesWeekly Market Pulse: Is The Recession Finally Here?Market Pulse: Presidential Portfolios
Market Morsels: Corporate Bond Issuance
