Archive for the ‘Bond Market’ Category

Martin Lustgarten on Bright Spots in the Market

October 2nd, 2016

So far, 2016 has been a very slow year for investment bankers. Companies and governments are worried about the United States political scene and Europe pulling out of the European Union. Therefore, they have curbed most of their activities. Slow economic news out of Asia, especially China, is further dampening the spirits of bankers. Overall, the industry has seen a 14 percent fall of revenues through the end of September. The bright spot for investment bankers is debt capital markets.

Last year there were $1.41 trillion of investment-grade bond deals completed. So far in 2016, there have been $1.54 trillion completed. In fact, investors have completed 4,193 deals. Investment banks have earned a record $9.4 billion on these deals.

The largest issuers have been United States companies or foreign companies issuing in United States dollars. These bonds account for a record setting $753.8 billion. The second largest group of bonds has been the sovereigns and supranational and agency (SSA) issuers. So far, they have issued a record high $252 billion in bonds. Also at a record high is the volume of United States dollar-denominated debt issued by issues located in Africa, the Middle East and Europe. So far in 2016, they have issued $513.1 billion worth.

The amount of mega bonds issued so far this year is at a record high and a full 7 percent over last year. The largest of these is Anheuser Bush who issued $46.0 million on January 13 and then returned on March 16 to issue another $14.7 million. Other big mega bond deals have included Dell who issued $20 million dollars worth on May 17 and Microsoft who issued $19.8 million dollars worth on August 1.

With all the uncertainty in the market, people need a reliable investment banker with years of experience. You can rely on Martin Lustgarten. This Florida based business person has years of experience in watching the markets. He can spot a trend faster than most people and works hard to alert his investors when he thinks it is a great time to buy or sell.

When Martin is not busy at work, he loves to collect vintage items. He is particularly interested in vintage watches. He knows that investing in the market is all about the right timing so contact him today.