THE start to 2017 has been a boisterous one for corporate issuance. All systems are go in the US, as my colleague Lisa Abramowicz has pointed out. Some 15 deals were announced in Europe alone on Monday, on top of the 40 or so issued in the first week of the month. It’s a feast of supply.
The flurry makes some sense, as the freight train of three or so Federal Reserve interest-rate hikes is coming this year. That weighs against a softer picture in Europe, where the European Central Bank and Bank of England are still buying up bonds through quantitative easing, and are a long way from raising rates.
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