US corporate debt maturity wall reaches $1.9 trillion over next 5 years as refinancing costs surge, signaling potential economic headwinds.
Macro & Markets ·
US speculative-grade corporate debt maturing over the next five years totals roughly $1.9 trillion, up from $1.4 trillion to $1.5 trillion in prior years, with $438 billion due by end of 2028 alone. Junk-rated debt maturing within two years has surged 31 percent year-over-year, while refinancing costs have climbed 150 basis points over the past year to an effective yield of 8.0 percent on publicly issued junk debt. An additional $1.6 trillion in investment-grade corporate debt matures by 2031, compounding the refinancing pressure across the corporate sector.