![24_2021-05-11_blog_classic-late-cycle-issuance-in-mid-cycle_teaser](/sites/default/files/styles/teaser_image_max715/public/2021-06/24_2021-05-11_blog_classic-late-cycle-issuance-in-mid-cycle_teaser.jpg.webp?itok=LP6BUQ-5)
Classic Late-cycle Issuance…in Mid-cycle
Markets can often be tricky for investors in May as bond issuers take advantage of a window of opportunity following the Q1 earnings season and ahead of the typical summer lull. This often results in heavy supply in late April and early May, hence the old trader adage of “sell in May and go away”.