In both the US and Europe, strong appetites for bonds pushed volumes up after a summer slowdown
The leveraged loan market remained cautious after the summer lull
Fears of a downturn and peaking credit cycle have slowed activity overall, but demand from M&A and cov-lite still dominates and high yield is picking up
Issuance held up in H1 2019 but regulatory and market uncertainty could have a damping effect in the future
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