2026-01-10 00:25:12

The first week of 2026 has delivered a record-breaking start for global debt markets. Bond issuance surged 26% year-over-year to approximately $248 billion, marking the strongest opening week in recorded history.

The momentum is even more striking when viewed through a longer lens. Compared to the same period in 2020, debt issuance climbed 128%. Against 2019 levels, the jump reaches an eye-watering 351%.

What's driving this flood of capital? Issuers that held back during December are now rushing to market, capitalizing on favorable window conditions. This shift signals confidence among borrowers and reflects evolving sentiment in global credit markets—a trend worth monitoring as macro headwinds continue to shape risk appetite across all asset classes.

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OneBlockAtATime

· 01-10 14:34

How do I feel about the bond market's recent moves... a bit too aggressive? A 351% increase—how many people are betting on a bullish trend? --- With a starting week of 24.8 billion dollars, can it hold up or is it just another round of hype? --- The issuers finally can't hold back anymore. Is this confidence genuine or just throwing a tantrum? --- The macro headwinds are still blowing, so why is there a surge into bonds? What tricks are the Morgan team playing? --- From 2020 to 2026, a 128% increase... what does this indicate? The inflation monster isn't dead yet. --- Is this window really that advantageous, or is everyone rushing in for fear of missing out? --- A 351%... I just don't understand if the market is rational or if the market is crazy.

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FlyingLeek

· 01-10 00:55

Damn, 24.8 billion USD in a week? These institutions are really crazy, hurry up and go in to suck blood. --- 351% growth? That number is scary, feels like the prelude to a crash. --- Borrowers are full of confidence? I think they just caught the rate cut window. Borrow if you can, in the game of musical chairs, whoever is slow loses. --- Starting 2026 so aggressively, and there are dozens of weeks left. What should we do, everyone? --- In times like these, you should be more cautious. The more lively it gets, the more dangerous it is. Everyone, handle it as you see fit. --- Institutions piling into bond issuance indicates that money is really getting hot. It's time to plan ahead. --- Since 2019, it has increased more than four times. Is this normal? The bubble is about to burst. --- I see through this move by the issuer. They are just taking advantage of the wind to raise funds quickly, after all, who knows what will happen next year.

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ThesisInvestor

· 01-10 00:55

Haha, bonds are going crazy this time, starting with 24.8 billion. Is this really the end of the week? It feels like everyone is betting on something. --- A 351% increase... No, this number is just too outrageous. Who would believe this is still called "market sentiment evolution"? --- Issuers rushing to the market in droves—this is a classic herd mentality, watch out for the bagholders. --- They rush as soon as the window opens? Are they full of confidence? Or just anxious? --- Since 2020, it’s multiplied so many times... but I feel like the risk is right here. --- So everyone is panicking and rushing to borrow money? Is that what you call confidence? That’s hilarious. --- The macro headwinds are still blowing, so why are bond issuances actually booming? This logic is a bit confusing.

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BlockchainDecoder

· 01-10 00:55

Wait, how is the figure of 351% calculated? Is it directly compared to 2019? The impact of the pandemic wave in the middle should be excluded for it to have any meaningful reference... Data shows that issuers suddenly became active, but this is more likely a passive response to cycle timing, so it doesn't necessarily indicate genuine confidence. It's quite strange that debt issuance is so aggressive under macro headwinds...

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BearMarketLightning

· 01-10 00:53

Wow, 248 billion, that number startled me. Does no one in the bond market manage risk? Issuers rushing in like a game of musical chairs... waiting to see who will fall last. A 351% increase from 2019 to now? How exaggerated is this bubble? Can it really hold up? The borrower is "full of confidence"... but to me, it sounds like gambling. The last sentence is well said. The macro headwinds are still there. How long can this surge last? It depends on what happens next.

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