US and European bond markets are suffering. July was the weakest month for US bond issuance in seven years and the situation in Europe is no better, though the true state is obscured by the August slowdown.
The primary equity business shows no sign of picking up, and it may be months before corporates accept the new price of equity. Suddenly investors and corporates see risk everywhere. The former are in the midst of a flight to quality and the latter are retreating into conservative strategies.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
