Dollar market pauses, then decides not to fret about Trump

By David Rothnie
16 May 2019

The dollar corporate bond market showed its resilience this week as issuance rebounded, despite the US-China trade turmoil. “Trump, Trump, Trump,” was how one syndicate manager explained the reasons for the return of volatility as high grade credit markets see-sawed with the President’s mood swings.

According to Bank of America Merrill Lynch, average high grade spreads have widened by 7bp since President Trump threatened new tariffs on China nearly two weeks ago, prompting borrowers to postpone deal announcements on Monday. But sentiment improved somewhat after tweets from the President signalling that tariffs on ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.