By Ken Jaques 04 Mar 2021
DOWN BUT NOT OUT FEBRUARY 2021 - February issuance volumes slowed after a blow-out January. - This is usual after the January funding rush and amidst earnings blackout periods. - Long Lunar New Year holidays in China in part also dampened issuance volumes. - However, with US Treasury yields breaking fresh highs, issuers were also enticed to fund sooner than later. - IGM metrics tracked show investor appetite remaining particularly strong for investment grade issuances.