The first quarter of 2019 saw heighted global market volatility in the midst of geopolitical developments, including the US-China trade war and the Brexit process. In response, market participants showed escalating caution relating to the outlook for debt markets. This was highlighted in early March with the US Federal Reserve abandoning its plans for further interest rate hikes after three years of tightening monetary policy, as the US economy showed signs of weakening.
Notable syndicated transactions for the quarter included:
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