JPMorgan, Wells Fargo and Morgan Stanley Lead $23 Billion Bond Issuance

JPMorgan, Wells Fargo, and Morgan Stanley Drive Bond Market with $23B Issuance

The U.S. investment-grade bond market experienced a robust day as JPMorgan Chase & Co., Wells Fargo & Co., and Morgan Stanley collectively issued $23 billion in bonds. This significant surge in bond issuances contributed to the overall market’s total of $30 billion for the day, which was in line with market expectations of $35 billion in sales for the week.