Lates News

J.P. Morgan strategist said that due to the economic uncertainty caused by the Trump administration's tariff policies, companies are seeking to enhance liquidity. In April, there was a significant increase in the issuance of short-term debt by companies. The J.P. Morgan strategist team, led by Teresa Ho, cited data from the Depository Trust & Clearing Corporation (DTC) indicating that the issuance of non-financial commercial paper last month increased by $100 billion, higher than the average of $27 billion per month from 2019 to 2024 (excluding 2020). The spread between the highest-rated notes (known as primary bonds) and treasury bonds reached its highest level since August 2022. The spread between lower-rated notes (known as secondary bonds) reached its highest level since June 2023.