U.S. Markets closed

U.S. Bond Issuance Nears $1 Trillion

U.S. corporate bond issuance is hurtling toward a record for a third straight year, as companies take advantage of a surprising interest-rate decline to stock up on cash. Firms stand to break the $1 trillion mark soon after Labor Day at the current rate, the earliest on record. WSJ’s Mike Cherney joins MoneyBeat.