Interview, Fireside Chat
The Record Volumes and Big Deals Reshaping the Credit Markets
- Baseline average monthly volume was approximately $100 billion in 2018 and 2019.
- Significant supply drivers are expected in the next several weeks and throughout May.
- Refinancing activity is currently underway for debt due within the next 12 to 36 months.
- Companies are resetting bank capacity for potential future utilization.
- Investor demand has broadened substantially, with traditional investment-grade inflows increasing.
- Capital flows are anticipated to accelerate and continue opening over the coming weeks.
- The investor base is expected to revert to its typical composition for investment-grade debt financings.
- An onslaught of supply is anticipated alongside investor cash availability.
- No further Federal Reserve facilities are expected absent material changes to financing conditions.
- The Federal Reserve may implement minor operational tweaks or clarifications to existing facilities.