The wave of Wall Street bank debt issuance is here! MS.US (MS.US) took the lead in issuing bonds after announcing beautiful Q1 results

The Zhitong Finance App learned that Morgan Stanley (MS.US) became the first bank among the top six Wall Street banks to issue US investment-grade bonds after announcing its first-quarter earnings report. People familiar with the matter revealed that Morgan Stanley will issue these bonds in five batches at most. The yield of the longest maturing 11-year bond in this issue is likely to be 1.45 percentage points higher than US Treasury bonds.

Morgan Stanley announced impressive first-quarter results on Friday. Stock trading revenue reached a record 4.13 billion US dollars, up 45% year over year, far exceeding market expectations. Wall Street banks continue to benefit from market turmoil caused by US President Trump's tariff war, and J.P. Morgan Chase (JPM.US) and Goldman Sachs (GS.US) also reported record first-quarter stock trading revenue.

Morgan Stanley is one of five high-rated issuers seeking to issue new bonds on Monday, as companies are using the quiet period of the risky asset market to issue bonds. J.P. Morgan Chase and Wells Fargo Bank (WFC.US) may also issue new bonds on Monday, and Goldman Sachs may also announce the issuance of bonds after announcing the results earlier.

Bloomberg analyst Michael Gambale said that the syndicate department has slightly lowered this week's issuance forecast from $25 billion to $20 billion, and some companies chose to postpone their financing plans until after Easter due to heightened uncertainty in US tariffs.