Investors have been worried that rising yields will pull overseas buyers out of the US corporate bond market, but so far this has not happened. Despite a sharp rise in US Treasury yields this year, Goldman Sachs said overseas investors' demand for US corporate bonds is still strong. According to an analysis by Amanda Lynam, chief credit strategist at Goldman Sachs, by the end of June, the total net purchases of US corporate bonds by overseas investors reached US$251 billion, which means that net purchases for the full year of 2026 are expected to approach the record of US$392 billion last year.

Investors have been worried that rising yields will pull overseas buyers out of the US corporate bond market, but so far this has not happened. Despite a sharp rise in US Treasury yields this year, Goldman Sachs said overseas investors' demand for US corporate bonds is still strong. According to an analysis by Amanda Lynam, chief credit strategist at Goldman Sachs, by the end of June, the total net purchases of US corporate bonds by overseas investors reached US$251 billion, which means that net purchases for the full year of 2026 are expected to approach the record of US$392 billion last year.