Is the recent surge in issuance sustainable? Is it a function of either a backlog or uncertainty over future market conditions?

Miles Millard, European head of debt capital markets, Deutsche Bank

Miles Millard, European head of debt capital markets, Deutsche Bank
The high level of activity we have witnessed this month has been encouraging and reflects the enormous backlog of issuance, particularly in the FIG space. We should expect further market volatility, and borrowers should take advantage of issuance windows as they open.

Roberto Isolani, joint head of global capital markets at UBS
It is sustainable as the issuance backlog has been matched by a liquidity backlog among investors.

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