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Foreign issuers tap market for price and diversification
Hyperscaler funding needs could drive the next wave of US supply in euros
Cooler reception suggest AI capex hype is shrinking
Data
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Investor demand floods back into automotive credit after a troublesome year marked by US tariffs
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A deluge of supply is expected once earnings blackout ends
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Fahy will also lead asset-based finance origination
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Direct lending default rates tick higher amid notable distressed situations
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◆ Attractive yields allow for tight spreads in sterling ◆ Manchester Airport flies in with £300m long 10 year ◆ Further sterling supply could follow
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◆ Autos keep piling into the short end ◆ Issuer skips guidance on huge demand ◆ Deal lands through fair value
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