Toledano-Koutsouris: A New Era of Bond Issuance

The video discusses the impact of Donald Trump's presidency on market expectations, particularly inflation and interest rates. It explores how these changes affect bond issuers and investors, highlighting key industries like infrastructure, pharma, and energy. The discussion also covers the implications of negative rates and credit spreads in the US and Europe, as well as the performance of emerging markets. The video concludes with a look at future trends in bond issuance and investor preferences.

What is one of the main reasons for elevated new issue premiums in the bond market?

• Decreased infrastructure spending

• Fear of bond performance erosion due to interest rates

• Stable interest rates

• Increased investor confidence

Which industry is expected to benefit from Trump's policies and issue more bonds?

• Technology

• Infrastructure

• Retail

• Hospitality

What is the expected impact of rising interest rates on credit spreads in the US?

• Credit spreads will remain unchanged

• Credit spreads will disappear

• Credit spreads will compress

• Credit spreads will widen significantly

How have emerging markets performed in the equity markets in 2016?

• They have performed averagely

• They have underperformed

• They have performed poorly

• They have been the best performers

What is the current preference of investors regarding bond durations due to rising interest rates?

• Longer durations

• Shorter durations

• Equal preference for all durations

• No preference