QUICK DEFINITION
Issuance is the creation and sale of new debt securities by an issuer.
WHY IT MATTERS
Why Issuance matters in bond markets
Changes in issuance volume and maturity composition can alter supply-demand conditions across the yield curve.
MARKET CONTEXT
How to think about it
Bond investors use issuance as part of a wider framework that links prices, yields, cash flows, liquidity and risk. The concept should therefore be read together with its related terms rather than as an isolated definition.
Is Issuance important for fixed-income investors?
← Back to the Bond Market Glossary Yes. Changes in issuance volume and maturity composition can alter supply-demand conditions across the yield curve.