Citigroup and Wells Fargo are selling investment-grade bonds after the Federal Reserve raised policy interest rates for the first time in three years, and credit risk concerns have eased somewhat. Citigroup plans to raise at least $10 billion through a four-part deal, with bond terms ranging from 3 to 11 years; Wells Fargo plans to raise at least 5 billion US dollars through three batches of bond issuance, with a term of 4 to 11 years. The financing followed the 25 basis point rate hike by the Federal Reserve, which also hinted that it would raise interest rates again later this year. This move helped ease investors' concerns about inflation.

Citigroup and Wells Fargo are selling investment-grade bonds after the Federal Reserve raised policy interest rates for the first time in three years, and credit risk concerns have eased somewhat. Citigroup plans to raise at least $10 billion through a four-part deal, with bond terms ranging from 3 to 11 years; Wells Fargo plans to raise at least 5 billion US dollars through three batches of bond issuance, with a term of 4 to 11 years. The financing followed the 25 basis point rate hike by the Federal Reserve, which also hinted that it would raise interest rates again later this year. This move helped ease investors' concerns about inflation.