“Some of the regulatory changes that happened last year and this year have pushed some players to trade more through derivatives rather than using the cash markets or stock markets directly.”
“Some of the regulatory changes that happened last year and this year have pushed some players to trade more through derivatives rather than using the cash markets or stock markets directly.”
Tight funding levels and an abundance of investor cash made for brisk MTN issuance in 2025. The story may change in 2026, with public market issuance named as one factor that could crowd out private placements. But a broadening Asian bid for MTNs offers hope for the market, writes Diana Bui