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After announcing strong results, J.P. Morgan Chase and Morgan Stanley sought debt issuance financing in the US high-rated bond market. This bond issuance continued the Wall Street Bank's financing boom this quarter. This round of financing began when Goldman Sachs launched a $10 billion bond issuance on Tuesday, and the bank also launched a three-part Eurobond issue on Wednesday. The results announced by major US banks this week were generally better than analysts' expectations, benefiting from strong market performance, continued volatility, and recovery in M&A transactions. At the same time, another lower-than-expected inflation data further mitigated market concerns about the Federal Reserve's impending interest rate hike, driving up the stock market and bond market. According to people familiar with the matter, J.P. Morgan Chase will issue four bonds with terms ranging from 4 to 15 years. The initial price guide for the longest term bonds is about 150 basis points higher than the yield on US Treasury bonds. Another person familiar with the matter said that Morgan Stanley is also issuing four-part bonds for a period of between 3 and 11 years. Since he was not authorized to speak publicly, the person requested anonymity. The initial price guide for the longest term bonds is about 130 basis points higher than the yield on US Treasury bonds.

Zhitongcaijing·07/15/2026 15:41:22
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After announcing strong results, J.P. Morgan Chase and Morgan Stanley sought debt issuance financing in the US high-rated bond market. This bond issuance continued the Wall Street Bank's financing boom this quarter. This round of financing began when Goldman Sachs launched a $10 billion bond issuance on Tuesday, and the bank also launched a three-part Eurobond issue on Wednesday. The results announced by major US banks this week were generally better than analysts' expectations, benefiting from strong market performance, continued volatility, and recovery in M&A transactions. At the same time, another lower-than-expected inflation data further mitigated market concerns about the Federal Reserve's impending interest rate hike, driving up the stock market and bond market. According to people familiar with the matter, J.P. Morgan Chase will issue four bonds with terms ranging from 4 to 15 years. The initial price guide for the longest term bonds is about 150 basis points higher than the yield on US Treasury bonds. Another person familiar with the matter said that Morgan Stanley is also issuing four-part bonds with a term of between 3 and 11 years. Since he was not authorized to speak publicly, the person requested anonymity. The initial price guide for the longest term bonds is about 130 basis points higher than the yield on US Treasury bonds.