HomeWho's Buying the Bonds, and at What Cost
Who's Buying the Bonds: Order-Book Coverage (Peak Basis)
Who's Buying the Bonds: Order-Book Coverage (Peak Basis)#
Order-book coverage is still above the 1.5x warning line, so the bonds get sold; large deal sizes depress the multiple, so watch the absolute order book.Draft, pending review
How to read this chart
Whether the deal gets done. Falling below 1.5x or a pulled deal is the real warning; the multiple is structurally depressed by deal size, and the 2026 US investment-grade average is about 4x. Hover for the absolute order book.
Source: Public bond filings and media reports; FinSight compilation · Updated 2026-09-03
↩ This chart lives on the pagef1-csp-market-csp-01