{"id":290457,"date":"2026-10-06T15:39:15","date_gmt":"2026-10-06T10:09:15","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=290457"},"modified":"2026-10-06T15:39:15","modified_gmt":"2026-10-06T10:09:15","slug":"global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/","title":{"rendered":"Global Equity Issuance Tops $1 Trillion as Bond Yields Sour the Mood: What the Record Share Sales Mean, Why 5% US Treasury Yields Threaten the Rally and How It Affects Indian IPOs and Investors"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Companies raised over $1 trillion in equities (WSJ). US issuance record: H1 $251 bn. US 10-yr yield about 5.3%, highest since 2002. Fed hiked in September.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Global equity issuance has topped $1 trillion, according to a Wall Street Journal report, as companies rush to sell shares at the strongest pace in years, led by the US, where first-half issuance hit a record $251 billion by 26 June, helped by SpaceX&#8217;s $85.7 billion IPO and Alphabet&#8217;s roughly $80 billion share sale to fund AI. The mood has soured because the 10-year Treasury yield ended September at about 5.29%, the highest since 2002, after a 54 bps jump in the month, the Fed raised rates for the first time since 2023 and corporate bond yields near 6% give investors an alternative. Higher yields lower the present value of future earnings and compete with stocks for money, and a heavy share supply can weigh on prices, although buybacks of about $1.5 trillion are absorbing much of it. For India, where foreign investors have sold a record Rs 2.7 lakh crore, global liquidity competition matters for the Rs 37,000 crore Jio IPO and other issues.<\/p>\n<\/p><\/div>\n<p>Global equity issuance above $1 trillion is a sign of confidence in AI-driven growth, but it comes just as bond markets are repricing. The same week Nasdaq closed at a record, the 10-year yield held above 5.3%, which shows how divided investors are.<\/p>\n<p>If you are trying to understand what the record global equity issuance means for markets, this article covers the headline numbers including the record $251 billion US first half, the biggest deals such as the SpaceX IPO and Alphabet&#8217;s share sale, why Treasury yields at 5.29% and the Federal Reserve sour the mood, the supply and buybacks balance, what history says, the effect on India including Rs 2.7 lakh crore of foreign selling and the Jio IPO, and the risks. Some figures are from US data providers and definitions differ.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Global_Equity_Issuance_The_Headline_Numbers\" title=\"Global Equity Issuance: The Headline Numbers\">Global Equity Issuance: The Headline Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Why_Bond_Yields_Sour_the_Mood_Around_Global_Equity_Issuance\" title=\"Why Bond Yields Sour the Mood Around Global Equity Issuance\">Why Bond Yields Sour the Mood Around Global Equity Issuance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Supply_Buybacks_and_Demand_The_Balance_in_Global_Equity_Issuance\" title=\"Supply, Buybacks and Demand: The Balance in Global Equity Issuance\">Supply, Buybacks and Demand: The Balance in Global Equity Issuance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#What_History_Says_About_Surges_in_Global_Equity_Issuance\" title=\"What History Says About Surges in Global Equity Issuance\">What History Says About Surges in Global Equity Issuance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#How_Global_Equity_Issuance_Affects_India\" title=\"How Global Equity Issuance Affects India\">How Global Equity Issuance Affects India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Risks_Behind_Record_Global_Equity_Issuance\" title=\"Risks Behind Record Global Equity Issuance\">Risks Behind Record Global Equity Issuance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#What_to_Watch_Next_for_Global_Equity_Issuance\" title=\"What to Watch Next for Global Equity Issuance\">What to Watch Next for Global Equity Issuance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#How_much_have_companies_raised_in_equities_in_2026\" title=\"How much have companies raised in equities in 2026?\">How much have companies raised in equities in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#What_are_the_biggest_deals\" title=\"What are the biggest deals?\">What are the biggest deals?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Why_are_bond_yields_souring_the_mood\" title=\"Why are bond yields souring the mood?\">Why are bond yields souring the mood?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Is_the_Federal_Reserve_involved\" title=\"Is the Federal Reserve involved?\">Is the Federal Reserve involved?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Does_record_global_equity_issuance_mean_a_market_top\" title=\"Does record global equity issuance mean a market top?\">Does record global equity issuance mean a market top?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#How_does_it_affect_Indian_investors\" title=\"How does it affect Indian investors?\">How does it affect Indian investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#What_are_the_main_risks\" title=\"What are the main risks?\">What are the main risks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/global-equity-issuance-tops-1-trillion-bond-yields-sour-mood-india-impact\/#Should_I_avoid_IPOs_now\" title=\"Should I avoid IPOs now?\">Should I avoid IPOs now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Global_Equity_Issuance_The_Headline_Numbers\"><\/span><strong>Global Equity Issuance: The Headline Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Source note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Global equity issuance in 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">More than $1 trillion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wall Street Journal headline; I could not read the full report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Global equity issuance in 2025<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $573.8 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SIFMA fact book; definitions may differ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US first-half equity issuance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A record $251 billion through 26 June<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bloomberg data<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US IPO proceeds in 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $145.8 billion, above the 2021 full-year record of about $142.4 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Renaissance Capital methodology<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SpaceX IPO<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$75 billion, rising to about $85.7 billion with the over-allotment option; valuation about $1.77 trillion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Largest IPO ever<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Alphabet share sale<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $80 billion to $85 billion to fund AI expansion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Included $10 billion from Berkshire Hathaway<\/td>\n<\/tr>\n<\/table>\n<p>A handful of mega-deals drive the global equity issuance total, which is why bankers say volumes would still be rising without SpaceX but would be far lower.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on IPO and listed stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Bond_Yields_Sour_the_Mood_Around_Global_Equity_Issuance\"><\/span><strong>Why Bond Yields Sour the Mood Around Global Equity Issuance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Bond market signal<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters for stocks<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US 10-year Treasury yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.27% to 5.31% in early October; 5.29% at quarter-end<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Highest since 2002; raises the discount rate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US 30-year yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.62% to 5.66%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Highest since 2007<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">September move in the 10-year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 54 bps<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One of the sharpest repricings in years<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">US investment-grade corporate yields<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Near 6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A 10-year high; bonds now compete with stocks<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Federal Reserve<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised rates for the first time since 2023<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tighter money supports yields<\/td>\n<\/tr>\n<\/table>\n<p>Rising Treasury yields are the main worry. Ruchir Sharma has warned that a decisive break above 5% on the 10-year could pose a problem for equity markets in general and for the AI trade in particular, and Deutsche Bank sees the 10-year possibly reaching about 5.5%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Supply_Buybacks_and_Demand_The_Balance_in_Global_Equity_Issuance\"><\/span><strong>Supply, Buybacks and Demand: The Balance in Global Equity Issuance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Supply is large: US issuance could pass $260 billion this year, a level not seen since 2021, according to JPMorgan.<\/li>\n<li>Buybacks are bigger: corporate repurchases are on pace for about $1.5 trillion, which absorbs much of the new shares.<\/li>\n<li>Lock-up expiries add supply from earlier listings.<\/li>\n<li>Corporate cash-funded mergers also add demand for shares.<\/li>\n<li>New stocks have lagged: reports say recent listings have underperformed the market after mega-deals.<\/li>\n<\/ol>\n<p>The balance explains why global equity issuance has not yet crashed prices, but a rise in yields could tilt it toward supply.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track global markets and IPO stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_History_Says_About_Surges_in_Global_Equity_Issuance\"><\/span><strong>What History Says About Surges in Global Equity Issuance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Episode<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Pattern<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Lesson<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2021 issuance peak<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Heavy issuance was followed by a sharp rise in yields and a fall in growth stocks<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Supply peaks often coincide with market tops<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2026 record<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mega-deals tied to AI funding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Narrow leadership increases risk<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rising yield cycles<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Equity-bond correlation turns positive above 5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stocks and bonds can fall together<\/td>\n<\/tr>\n<\/table>\n<p>These are patterns for global equity issuance and not predictions, since timing is hard and strong earnings have so far supported US stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Global_Equity_Issuance_Affects_India\"><\/span><strong>How Global Equity Issuance Affects India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Channel<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Effect<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Example<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Foreign flows<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Global funds find big US and AI issues and 5% Treasuries more attractive<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Foreign investors sold a record Rs 2.7 lakh crore of Indian equities in 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO pipeline<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">India&#8217;s issues compete for global money<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The Jio IPO of about Rs 37,000 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rupee<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A strong dollar and high yields weaken the rupee<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rupee near 96 to the dollar<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Higher global yields lower the multiples investors pay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pressure on premium-valued stocks<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Domestic flows<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SIP inflows of about Rs 32,297 crore a month cushion supply<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Domestic funds absorb part of the selling<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_Record_Global_Equity_Issuance\"><\/span><strong>Risks Behind Record Global Equity Issuance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Yields above 5.5%:<\/strong> A further rise would hit valuations and could cool the issuance window.<\/p>\n<p><strong>Supply glut:<\/strong> A flood of new shares can overwhelm demand.<\/p>\n<p><strong>Narrow leadership:<\/strong> A few AI mega-deals drive global equity issuance.<\/p>\n<p><strong>Inflation and oil:<\/strong> Persistent inflation keeps central banks tight.<\/p>\n<p><strong>Sentiment shift:<\/strong> A failed or weak deal could change the mood for global equity issuance quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_Global_Equity_Issuance\"><\/span><strong>What to Watch Next for Global Equity Issuance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The US 10-year yield and whether it holds above 5%.<\/li>\n<li>The next Federal Reserve decision and signals.<\/li>\n<li>Pricing and first-day performance of upcoming mega-IPOs.<\/li>\n<li>Foreign flows into and out of India.<\/li>\n<li>The RBI policy decision on 7 October.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Global equity issuance has topped $1 trillion on record US deals, but US yields near 5.3% and a Fed hike have soured the mood and raised questions about demand. Buybacks and strong earnings support prices for now, while India faces global liquidity competition. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_much_have_companies_raised_in_equities_in_2026\"><\/span><strong>How much have companies raised in equities in 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A Wall Street Journal report says global equity issuance has topped $1 trillion, with the US setting a record of $251 billion in the first half.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_biggest_deals\"><\/span><strong>What are the biggest deals?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The SpaceX IPO raised about $85.7 billion including the over-allotment option, and Alphabet&#8217;s share sale of about $80 billion funded its AI build-out.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_are_bond_yields_souring_the_mood\"><\/span><strong>Why are bond yields souring the mood?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Treasury yields are high: the US 10-year is near 5.3%, the highest since 2002, which raises the discount rate and offers a competing return.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Federal_Reserve_involved\"><\/span><strong>Is the Federal Reserve involved?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The Fed raised rates for the first time since 2023, which keeps yields high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_record_global_equity_issuance_mean_a_market_top\"><\/span><strong>Does record global equity issuance mean a market top?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not necessarily. Heavy global equity issuance has coincided with tops in the past, but buybacks of about $1.5 trillion and strong earnings absorb much of it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_it_affect_Indian_investors\"><\/span><strong>How does it affect Indian investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It competes for foreign money, pressures the rupee and valuations, and affects IPOs such as the Jio issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks\"><\/span><strong>What are the main risks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yields above 5.5%, a supply glut, narrow AI-led leadership and sticky inflation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_avoid_IPOs_now\"><\/span><strong>Should I avoid IPOs now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Global equity issuance is high, so check pricing and fundamentals. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How much have companies raised in equities in 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A Wall Street Journal report says global equity issuance has topped $1 trillion, with the US setting a record of $251 billion in the first half.\"}},{\"@type\":\"Question\",\"name\":\"What are the biggest deals?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The SpaceX IPO raised about $85.7 billion including the over-allotment option, and Alphabet's share sale of about $80 billion funded its AI build-out.\"}},{\"@type\":\"Question\",\"name\":\"Why are bond yields souring the mood?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Treasury yields are high: the US 10-year is near 5.3%, the highest since 2002, which raises the discount rate and offers a competing return.\"}},{\"@type\":\"Question\",\"name\":\"Is the Federal Reserve involved?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The Fed raised rates for the first time since 2023, which keeps yields high.\"}},{\"@type\":\"Question\",\"name\":\"Does record global equity issuance mean a market top?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not necessarily. Heavy global equity issuance has coincided with tops in the past, but buybacks of about $1.5 trillion and strong earnings absorb much of it.\"}},{\"@type\":\"Question\",\"name\":\"How does it affect Indian investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It competes for foreign money, pressures the rupee and valuations, and affects IPOs such as the Jio issue.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yields above 5.5%, a supply glut, narrow AI-led leadership and sticky inflation.\"}},{\"@type\":\"Question\",\"name\":\"Should I avoid IPOs now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Global equity issuance is high, so check pricing and fundamentals. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global equity issuance topped $1 trillion, but US bond yields near 5.3% sour the mood. 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