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.
Bloomberg: What to Watch in U.S. Corporate Credit Markets This Week
March 15, 2020
By Caleb Mutua and Olivia Raimonde