Bloomberg: What to Watch in U.S. Corporate Credit Markets This Week

March 15, 2020
By Caleb Mutua and Olivia Raimonde

Bill O’Neill, Senior Portfolio Manager at Income Research, was quoted in Bloomberg providing his take on investment-grade debt. Even as the coronavirus and an oil price drop dragged markets down, Bill noted the need for portfolio reorganization, as syndicate desks may already have a backlog of over 40 issuers with as much as $100 billion in new volume. Bill also pointed out that credit investors would be concerned about potential short-term liquidity crunches, ensuring enough cash without having to go to the capital market to roll debt or raise equity.