Investors Cautious on New Deals as Rate Hikes Weigh on Markets, But Economic Strength May Boost 2024 Issuance
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Investors waiting to see impact of higher interest rates on economies and markets before supporting new deals
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Debt issuance has been healthy but equity issuance remains depressed, though some signs of life in IPO market
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Bear steepening yield curve signals rates will stay higher for longer, potentially limiting risk appetite
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US economy remains strong, but geopolitical tensions could lead to more caution
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If economic strength persists despite uncertainty, 2024 issuance outlook could improve if Fed ends tightening