Debt Capital Markets Outlook?
Rising sophomore at west coast school (low semi-target?).
Considering starting my career in the capital markets, particularly debt. But I'm getting worried with all the talk of recession in comin months/years. I know ECM guys get fucked bc no deal flow, but do DCM guys also find themselves in a similar position?
Additionally, if anyone could recommend resources to learn more about different banks' DCM teams and DCM in general, I'd appreciate it. Are DCM teams usually in NY, or are there operations in LA/SF too?
American dealflow seems pretty well, for corporates there are still issuances albeit lower than few months ago. Seems like corporates and investors have digested the inflation and rate hikes and are willing to go to the market. This is especially the case in Europe where some big low beta names have hit the screens with really low concessions compared to what we had seen in april.
Bond market is absolutely fucked. Loans will still syndicate but outlook is bleak with rates rising so rapidly
bump
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