Debt issuance bounces back in Q2

Despite continued turmoil in financial markets, borrowing rose sharply in the international debt securities markets over the second quarter, according to the latest quarterly review from the Bank for International Settlements.

Net issuance of bonds and notes increased to $1.07 trillion, up from $371 billion in the first quarter. The increase came chiefly from the euro-denominated bond segment, said BIS, where net issuance of $464 billion was more than four times the level of the previous quarter.