From Moody’s:
Outstandings of Rated U.S. Corporate Bonds Dip from 2018’s First to Second Quarter
According to Moody’s Capital Markets Research Group, second-quarter 2018’s outstandings of Moody’srated U.S. corporate bonds excluding ABS and MBS rose by 3.3% year-over-year to $7.212 trillion, which was a slight 0.6% under first-quarter 2018’s record high of $7.259 trillion. The second quarter’s yearly increase of 3.3% was much slower than the 6.3% yearly increase of 2018’s first quarter and was the smallest since the 2.1% of 2015’s final quarter.