Morgan Stanley(US:MS) 智通财经网·2025-10-17 13:20Core Viewpoint - Morgan Stanley has initiated the offering of investment-grade bonds with maturities up to 11 years, following strong third-quarter earnings reports from major banks on Wall Street [1] Group 1: Bond Offering Details - The longest bond in the offering is an 11-year bond, with preliminary pricing discussions indicating a yield approximately 1.15 percentage points higher than that of U.S. Treasuries of the same maturity [1] - The funds raised from this bond issuance will be used for general corporate purposes [1] Group 2: Market Context - This bond issuance follows Goldman Sachs' $10 billion bond issuance on Tuesday and JPMorgan's $5 billion bond issuance on Wednesday [1] - The average yield on U.S. investment-grade bonds dropped to a one-year low of 4.69% on Thursday, with spreads remaining below 0.8 percentage points, indicating attractive financing costs for high-rated borrowers [1] - It is noteworthy that bond issuances of high-grade bonds are rare on Fridays, with issuance volume typically accounting for only about 1% of the annual supply [1]