Turmoil in government bond markets has forced US companies to delay borrowing plans, making this the slowest October for debt issuance in more than a decade.
US firms have raised just under $70bn from sales of bonds and leveraged loans so far this month, the quietest month so far this year and the weakest pace of borrowing in any October since 2011, according to data from LSEG. By number of deals, the total of 50 is the lowest at this point in the month in records going back 20 years.
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