Year of Bond starts with a $150 bin sales spree; may spill over this week

After optimism swelled for weeks that 2023 would finally bring relief for the world’s battered bond buyers, borrowers took advantage by issuing more than $150 billion of new debt in just four days.

The sales spree spanned the globe, from Hong Kong raising $5.8 billion via its biggest-ever green bond, to units of Credit Suisse Group AG issuing a combined $4.3 billion in US dollars and sterling, and Mexico selling $4 billion of dollar bonds.

It was a fresh beginning for a market that suffered a whopping 16.25 per cent loss last year. And while investors are off to a quick start