Bonds
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Watch for strong issuance in June ahead of summer holidays
Many issuers may issue in June – ahead of European and then US summer quiet periods. This effect may be amplified this year.
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Ultra-high hyperscaler credit issuance could saturate global credit markets
The hyperscalers project around $750 billion of capex for 2026 as AI infrastructure race gathers steam. Other credit issuers should plan for the risk of crowding…
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The Fed might actively raise long term rates instead of raising the Fed funds rate
For credit issuers and investors – evaluate locking in medium/long-term rates now
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Goldilocks credit markets – as high rates create strong demand without widespread credit fears
High interest rates are creating excellent credit markets for issuers and investors.
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US economy doing well – high ISM raises the chances of higher rates
Data from surveys from industry (like this PMI Manufacturer’s survey) and employment data has held up well, while inflation is increasing. This combination increases the odds…
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DCM Insider Weekly – 25th May 2026
Inflation and rates up. Markets still wide open. Potential cracks forming.
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DCM Insider Weekly – 18th May 2026
Long term interest rates have increased. This will change the debt capital markets.
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DCM Insider Weekly – 12th May 2026
Record new issuance and close to all time low spreads. Experienced borrowers locking in funds.
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Investors should manage the risk of more “aggressive” liability management exercises on their portfolios
Fixed income investors should be proactive in protecting themselves. These exercises create opportunities for distressed debt investors.
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DCM Insider Weekly – 4th May 2026
Market continue to be positive. Issuers and investors may want to use this period to derisk.