Market reaction to geopolitical events often proves overblown
Defaults, delinquencies poised to rise for rate-sensitive borrowers
Bond issuance up, driven by accelerated refinancing
North American corporate credit quality declines led by high yields
Strong debt issuance, M&A expected to be revenue drivers in the quarter
Both equity and debt issuance rises in the first six months of the year
U.S. corporates' interest coverage continued decline in Q1
The decline is the first drop in a year, S&P says
Market has evolved dramatically since the global financial crisis
Brian Giuliano of Brandywine Global says a multi-sector strategy is a good way to take advantage of opportunities without taking excess risk