07-05-2025
UBS Cuts Bond, Loan Sale Outlook by $235 Billion on Trade Tumult
UBS Group AG lowered its forecast for US corporate debt issuance this year, citing volatility tied to President Donald Trump's tariff rollout and a slower-than-expected pace of dealmaking.
The bank's research arm cut its estimate for blue-chip debt sales by $100 billion to $1.4 trillion, strategists led by Matthew Mish wrote in a report. It now sees $250 billion of junk-bond issuance, down from $310 billion prior, and $400 billion in leveraged loan sales, versus $475 billion previously.
