World bond corporate issuances have reached unprecedented levels: Global bond sales hit a record $5.95 trillion in the first 10 months of 2025. This has already surpassed the previous all-time high of $5.93 trillion set in 2024. Issuances have risen +$2.5 trillion since 2014. This surge has been fueled by exceptionally low credit risk, with global spreads hovering near the lowest levels since 2007. As a result, investor demand continues to significantly outpace net bond supply. The global debt rush is accelerating.(The Kobeissi Letter)