09:55 AM EDT, 07/15/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) is selling bonds in as many as four parts, including an 11-year tranche, Bloomberg reported Monday, quoting an unnamed source with knowledge of the matter.

JP Morgan is the first of the six largest US banks to tap the investment-grade market after reporting Q2 earnings, the report said.

The 11-year tranche of JP Morgan's offering may yield 1.35 percentage point above Treasuries, Bloomberg reported.

JP Morgan didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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