---
title: "The issuance scale of investment-grade bonds in the United States has reached a new high since 2020, and the global bond market is ushering in a record year"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265580848.md"
description: "The annual issuance of investment-grade corporate bonds in the United States reached USD 1.499 trillion, marking the second-highest level in history, as companies took advantage of low borrowing costs for debt refinancing and investment. Although it did not reach the record of USD 1.75 trillion set in 2020, the global bond issuance scale has surpassed USD 60 trillion for the first time. The issuance in October set a monthly record, partly due to Meta issuing USD 30 billion in bonds. It is expected that approximately USD 1 trillion in bonds will mature in 2025, driving Wall Street's expectation of an active year for investment-grade bond issuance this year"
datetime: "2025-11-12T20:22:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265580848.md)
  - [en](https://longbridge.com/en/news/265580848.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265580848.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265580848.md) | [English](https://longbridge.com/en/news/265580848.md)


# The issuance scale of investment-grade bonds in the United States has reached a new high since 2020, and the global bond market is ushering in a record year

The annual issuance of U.S. investment-grade corporate bonds reached $1.499 trillion, marking the second-highest level in history, as companies take advantage of lower borrowing costs for debt refinancing, acquisition financing, and investments in artificial intelligence projects.

According to data compiled by Bloomberg, after completing four transactions on Tuesday, the issuance of U.S. investment-grade bonds this year has surpassed last year's $1.496 trillion, although the issuance is unlikely to reach the record $1.75 trillion set in 2020.

**Although this year's issuance has not yet reached the historical high of $1.75 trillion in 2020, strong investor demand and interest rate cuts by central banks in multiple countries have created an extremely favorable market environment for borrowers.**

**This year, global bond issuance has surpassed the $6 trillion mark for the first time, setting a new historical record.**

The issuance of U.S. investment-grade bonds has recently accelerated significantly, with October's issuance reaching a monthly record, partly due to Meta's issuance of $30 billion in bonds, the largest investment-grade bond transaction in over two years.

**Relative to the benchmark U.S. Treasury rates, the borrowing costs for investment-grade bonds remain at historically low levels.**

As investors rush to lock in higher coupons before the Federal Reserve begins to cut rates, the average spread in the secondary market fell to 0.72 percentage points in September, the lowest level since 1998.

**Approximately $1 trillion in bonds will mature in 2025, driving Wall Street's expectation of an unusually active year for investment-grade bond issuance this year, as companies may need to refinance a significant portion of maturing debt.**

**Preliminary forecasts from Wall Street traders for 2026 indicate that the issuance of investment-grade bonds will further increase compared to this year.**

According to data compiled by Bloomberg, approximately $1.1 trillion in high-rated bonds will mature next year. This data covers bonds that have a Bloomberg Composite Investment Grade rating or have received an investment-grade rating from at least one of Moody's, S&P Global Ratings, or Fitch Ratings.

Risk Warning and Disclaimer

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