Corporate supply totalled US$74.4bn in May, up on the previous month’s US$48bn. However, it was lower relative to May 2023 (US$124bn). YTD supply has now reached US$416bn, still running slightly ahead of last year. We could see supply slow in the second half of the year as elections and other geopolitical and economic factors leave some uncertainty. Utilities (US$17bn), Consumers (US$13bn) and Industrials (US$12bn) are driving this month’s supply. Utilities also drives 2024 YTD supply alongside Healthcare, with both seeing US$80bn of supply. Consumer and TMT have the lowest YTD supply compared to last year with 30% ... (full story)