Global bond issuance fell to about $1.7 trillion in the first quarter, the lowest volume to kick off a year in a decade, according to data from Dealogic.
The first quarter retreat marked a 25% decline in new bond supply from a year ago, putting 2023 on pace for its slowest start since at least 2014 . Bond yields have increased along with borrowing costs for governments, businesses and households since the Federal Reserve and other major central banks began raising rates to fight high inflation.
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