Steve Brown

Credit Markets: New Risks, New Game Plan | Global Conference 2024

Staci Warden, Steve Brown, Jean Hsu, Jeff Meli, Meghan Neenan

Barclays Global Research forecasts a soft landing for the U.S. economy, driven by substantial federal deficits and structural shifts that mitigate the recessionary impact of the Federal Reserve's 11 interest rate hikes. Amidst this environment, corporate issuance remains robust at nearly $1.5 trillion annually as issuers navigate higher borrowing costs by migrating from public to private credit markets for flexibility and capital structure optimization. While sectors like commercial real estate face significant distress due to capital mismatches, the broader credit landscape benefits from private capital's stabilizing long-term nature and a predicted coexistence between public and private lending ecosystems.