...July 26, 2021 NEW YORK (S&P Global Ratings) July 26, 2021--S&P Global Ratings Research expects global bond issuance to contract roughly 1% in 2021, according to the article "Global Financing Conditions: Bond Issuance Remains Strong Despite An Expected Modest Contraction," published today. Issuance remained historically strong in the second quarter, with most sectors showing growth over last year's first-half pace. That said, overall global nonfinancial issuance was unable to keep up with the extraordinary $1.1 trillion total from the second quarter of 2020. "The high aggregate issuance total from 2020 remains hard to beat, though the 2021 total should still be historically high, likely surpassing 2019 by a wide margin," said Nick Kraemer, head of S&P Global Ratings Performance Analytics. Total issuance in the first half of 2021 was $4.5 trillion, down 3.2% from the same period in 2020. Global structured finance led (up 16%), followed by global financial services (up 11%) and U.S. public...