One economist forecasts a "subdued" new-issue pace through 1992 as many corporations accelerated offering schedules this year to avoid the uncertainty surrounding the presidential election.

"I think we are going to see a significantly slower pace of new issuance in the month of November, perhaps [through] the end of the year, barring a sharp drop in interest rates," said John Lonski, senior economist at Moody's Investors Service.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.