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Higher rates a stumbling block for issuers that could overshadow strong demand
Deep, liquid US market offers issuers size, attractive cost and investor diversification
France’s Bastille Day and US inflation data expected to subdue supply early in the week
Data
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◆ Blistering demand in euros and debut sterling for Australian name ◆ Spread thunders in by 40bp ◆ Doubt that this level of investor demand will continue for others
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◆ Quick into market after Trump pauses tariffs ◆ Lands close to fair value ◆ Defensive tactics in bookbuilding
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SSA market most bullish but some in credit, emerging and equity markets still unconvinced anything has changed despite 90 day tariff reprieve
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Stock drops 17% in highly volatile market
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Ex-Morgan Stanley banker Woeber joins from Centerview
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Markets roil as investors try to decipher if issuance will bounce back or slowly return
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