Debt Capital Market trends in 2024 have so far challenged investors’ annual projections set out at the end of last year, from spreads hovering at 5-year lows, to rates returning to Q4 levels. For our latest Markets Mindset roundtable, we welcomed Mizuho Investment & Corporate Banking’s Head of Debt Capital Markets, Moshe Tomkiewicz, alongside Head of U.S. Debt Syndicate, Colby Griffith, for their analysis of Q1 trends. Tabled by Mizuho’s Victor Forte, this discussion touches on the IG yield index, rate volatility, Q1’s record issuance and why fixed income investors are continuing to buy at tighter spreads.
Part 1: An analysis of Q1 trends in Debt Capital Markets
With 2024 already off to an unpredictable start and with a potentially volatile election year ahead, where will spreads and yields be by the summer? In our latest Markets Mindset discussion, Mizuho Investment & Corporate Banking’s Head of Debt Capital Markets, Moshe Tomkiewicz, and Head of U.S. Debt Syndicate, Colby Griffith, offer their thoughts on where Debt Capital Markets are heading. Mizuho’s Victor Forte hosts this discussion on mid–year market projections, which explores IG supply and spread trends as well as opportunities presented by a high liquidity environment.
Part 2: Debt Capital Markets outlook for second quarter and beyond