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.
Joyce Chang, head of global research at JPMorgan, Jay Pelosky, chief investment officer at TPW Investment Management, and Bruce Kasman, chief economist at JPMorgan, examine the aftermath of the financial crisis and look towards what may cause the next crisis.