[JPMorgan Issues $7 Billion in Bonds, Kicking Off Wall Street's Post-Earnings Financing Wave] Golden Finance reported that on October 14, JPMorgan issued $7 billion in investment-grade bonds on Tuesday, marking the beginning of a financing wave for major Wall Street banks following the release of third-quarter earnings. According to an informed source, the issuance is divided into three tranches, with bond maturities of 4 years and 11 years, both redeemable one year before maturity. The source also stated that the yield on the longest-maturity tranche will be 0.9 percentage points higher than U.S. Treasury yields, narrowing approximately 25 basis points from the initial price guidance. Another informed source revealed that JPMorgan was seeking to raise at least $5 billion at the time. According to Barclays' forecast, Wall Street's six largest banks are expected to raise approximately $41 billion this quarter through the issuance of high-grade bonds, which is 30% higher than the average level for the same period since 2015.