After a bumpy start to the second quarter, when tariff announcements inhibited issuance, US high yield bond activity rallied strongly, demonstrating the market’s resilience and maturity....more
While issuance of high yield bonds strengthened across all key global jurisdictions in 2024, the US and Europe still face mounting maturity walls - High yield bond issuance in key markets around the world recorded major...more
Stock Market Commentary - Stocks struggled during the first half of 2022 as shifts in monetary policy, the war in Ukraine, an energy shock, and a worsening growth outlook in China unsettled markets. As of June 30th, the...more
Volkswagen and company shareholders are “in advance talks that could lead to the initial public offering of the iconic Porsche AG sports-car maker.” Spinning off Porsche via IPO would help give VW the “fresh cash” in needs to...more
When 2019 began, the U.S. stock market had just hit the bottom of a 20% correction. An escalating trade war and rising interest rate worries were top of mind, and predictions of a looming recession were becoming more common....more
Stock Market Commentary - Trade and interest rates continued to be the headline market movers for the third quarter. In late July, as expected, the Fed cut rates a quarter percent and recommitted to "act as appropriate"...more
In 2016, global sponsors and their advisers were successful in continuing to export their experiences from financing transactions in the US leveraged loan and global bond markets to the European leveraged loan market and this...more