Hangover coming after merger madness?
Jumbo M&A debt deals dominated the U.S. investment-grade primary market this week. Bristol-Myers Squibb & IBM each sold ~$20 billion of bonds in the year’s two largest offerings. It added up making this the highest volume week in the last eight months. All this while global markets sold off on trade concerns. Diana Amoa of JPMorgan Asset Management, Gershon Distenfeld of AllianceBernstein and Henry Peabody of Eaton Vance sit down with Bloomberg's Jonathan Ferro to discuss risk appetite and whether investors are showing signs of getting warier.