Investment Grade Debt Capital Markets are seeing strong momentum, as year-to-date issuance trends toward the second-largest annual totals on record. Tight spreads, healthy investor demand and abundant liquidity continue to create favorable conditions for issuers.
But with rate uncertainty and policy shifts on the horizon, what should companies focus on as they plan their next move?
In our latest episode of Markets Mindset, Mizuho’s Head of Investment Grade Capital Markets and Syndicate, Victor Forte, is joined by Moshe Tomkiewicz, Head of Investment Grade Debt Capital Markets, for a discussion on Q3 DCM activity.
Our experts explore what’s driving unforeseen technicals in the new issue market, why financials are leading supply and where the excess liquidity is coming from: high government spending, shifting trends in private credit, a strong economy with incoming stimulus from the One Big Beautiful Bill Act and the prospect of the Fed making further rate cuts.
Hear our outlook as we break down key trends across the Investment Grade and broader DCM landscape for the second half of 2025.