10
Oct
However there remains a long trail ahead as the $18 billion of issuance during the latest period compares with $22.1 billion of deal volume during the same period a year ago. So even though some 15 deals are in the forward pipeline, issuance for the full year will fall well below last year's $95.1 billion of volume.
Issuance during the latest quarter perked up when spreads began a retreat that followed an extremely volatile first half. That period's volatility made...