S&P Global Ratings has adjusted its projection for global bond issuance in 2024, estimating a significant increase to around $9 trillion, which represents a 17% growth compared to the previous year.

This revision reflects the continued strong market activity observed in the third quarter.

Looking ahead to 2025, the pace of bond issuance is expected to slow down, with a projected growth rate of 4%.

This anticipated deceleration is attributed to a high comparison base from the current year and a backdrop of slower economic growth.

The report, dated October 23, highlights the changing economic conditions and how municipal, corporate, and structured debt markets are adapting to them.