US bond sales to come roaring back after Labor Day

Estimates for U.S. high-yield bond issuance in September range from $35 billion to $60 billion, according to six Wall Street banks surveyed by Bloomberg.

NEW YORK: The investment-grade primary market will spring back to life next week following the U.S. Labor Day holiday, as borrowers look to issue debt with low coupons.

Syndicate desks expect $40 billion to $45 billion of fresh high-grade supply in the four days of trading, after just $3.75 billion priced this week with much of Wall Street on vacation.