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2023 Total High Grade Issuance at $1.438T

PIPELINE
  • Corporate issuers remain sidelined since mid-December, total issuance for the month just over $28B -- much better than total issuance for December 2022 of $7.75B. Total high grade issuance for 2023 at $1.438T - compares to $1.294T total for 2022. Look for issuance to remain tepid into the start of 2024, partially due to next quarterly earnings cycle that starts in the second full week of January.

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