The Globe and Mail reports in its Tuesday eiditon that since 2011, Canadian corporate debt offerings have totalled close to, if not more than, $100-billion a year. The Globe's Tim Kiladze writes that following this record run, the slowdown is finally here. Halfway into 2016, total issuance is 17 per cent lower than it was at the same point in 2015. CIBC projects a total of $83-billion for the full year, compared with $95-billion last year. The slowdown is not for a lack of buyers. "It's not driven by demand," TD managing director Patrick Scace noted. "Demand for [corporate] credit remains very strong." The $12-trillion (U.S.) in sovereign debt issued by developed countries now carries negative yields because buyers are showing such heavy demand. This is especially true for the telcos, which have slightly lower debt ratings than the banks, yet remain investment grade. BCE's latest issue of 10-year debt, for instance, currently yields 2.77 per cent, while Royal Bank of Canada's equivalent bond yields 2.25 per cent. The demand exists despite the global turmoil and uncertainty caused by Britain's vote to leave the European Union as well as weaker expectations for global economic growth.