Summary: The BlueBay US Fixed Income team is seeing strong demand in the secondary market for new corporate bond issuance.  Investors seem enticed by the high current coupons, the strong macro-economic background and the prospect of future rate cuts, explains Stephen Fitzsimmons.

Key points-

• High current coupons and levels of carry on high quality corporate debt are enticing to investors. 
• Recent positive developments on the US macroeconomic front are driving demand.  
• The market is also supported by the expectation of rate cuts next year, but there are risks to that projection.