Page 10
Fixed Income Quarterly—Outlook
U.S. Corporate Debt Issuance
U.S. Investment Grade Debt Offerings 1995 to YTD 2014
Chart 1.1
U.S. Investment Grade Issuance
$2,000 $1,800 $1,600 $1,400 $1,200 $1,000
$800
$600
$400
$200
Issuance
Qty. of Issues 2,000
1,800 1,600 1,400 1,200 1,000 800 600 400 200
$0                      0
As at March 31, 2014
Source: BMO Capital Markets (NY)
USD billions
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
$136 $144
$202 $305
$312 $360
$548 $407
$472 $468
$548 $595
$843 $839
$1,257 $962
$1,194 $1,249
$1,315
YTD 2014
$407