[JPMorgan Chase issued US$7 billion in bonds, kicking off a financing wave for major Wall Street banks after their earnings reports] On October 14, JPMorgan Chase issued US$7 billion in investment-grade bonds on Tuesday, kicking off a financing wave for major Wall Street banks after releasing their third-quarter results. A person familiar with the matter said that the issuance is divided into three tranches, with bond maturities of 4 years and 11 years, all of which can be redeemed one year before maturity. The source also said the yield on the longest-term bond will be 0.9 percentage points higher than U.S. Treasuries, about 25 basis points narrower than the initial price guidance. Another person familiar with the matter said that JPMorgan Chase was seeking to raise at least US$5 billion at the time. According to Barclays's forecast, Wall Street's six largest banks are expected to raise about $41 billion through the issuance of high-grade bonds this quarter, 30% higher than the average level for the same period since 2015.