Record US volume again, with a week to go.

The article reports on the performance of U.S. corporate bonds. The run rate for May 2008 comes in at around $115 billion. The International Lease Finance Corp. sold its $750 million five year notes at 362.5bp over Treasuries, and this was a new issue concession of around 40bp. The lead managers were Barclays, BNP Paribas, Lehman and Merrill Lynch. The corporate bond market is also suffering from the abundance of supply. It has absorbed a vast amount of debt and it is not surprising that some resistance from investors has been apparent.