-After selloff during May and June, investors are coming back to tap high grade and alternative markets (PIK toggle)
-Institutional clients continue to hunt for yield after Taper Tantrum
-The average extra yield investors demand to hold investment-grade corporate bonds rather than similar-maturity Treasuries tightened 0.5 basis point to 128.5 basis points
-Push into higher yields as investors see QE positives
![[image]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sWjL49S9wRILYrwS37P9SjbEwBlGQoiAGzhclKLFBKkXRTjSwCCi9N1G1PfYnBlQ1w5TevRklnHZ7xGZ0S2q7egB2kLkMI9JhILTzp9dV9oUm7P-D4pnO4hgtunXp40ORI7qN0xCgIXYDMu0aLVhJuYJ0=s0-d)
New issues:
-Viacom sold $3bn with $500mn 2.5%, $1.25bn 10yr of 4.25% at 178bps and $1.25bn of 5.85% 30yr
-Kodiak Oil&Gas, below investment grade sold $400mn up from a planned 300 at 5.5%, same it paid for $350mn offering mid-Jan. Priced lower than 6% as oversubscribed ($1.6bn)
-Institutional clients continue to hunt for yield after Taper Tantrum
-The average extra yield investors demand to hold investment-grade corporate bonds rather than similar-maturity Treasuries tightened 0.5 basis point to 128.5 basis points
-Push into higher yields as investors see QE positives
![[image]](http://si.wsj.net/public/resources/images/MI-BX838_BONDS__NS_20130813180908.jpg)
New issues:
-Viacom sold $3bn with $500mn 2.5%, $1.25bn 10yr of 4.25% at 178bps and $1.25bn of 5.85% 30yr
-Kodiak Oil&Gas, below investment grade sold $400mn up from a planned 300 at 5.5%, same it paid for $350mn offering mid-Jan. Priced lower than 6% as oversubscribed ($1.6bn)
What happens to corporate issuance after tapering? Is there still room in Q1 2014?
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