Fed Rate Hikes Add Twists To Uncertain Debt Markets

Anish Ailawadi, Head of Investment Banking at Acuity Knowledge Partners, is featured in an article by Law360, where he shares his views on the impact of high interest rates on high-yield and investment-grade instruments.

Extract from the article: "Higher interest rates seem to have more impact on high-yield offerings compared to [investment-grade] instruments, as the cost of financing associated with a high-yield instrument is much higher…Companies on both sides of the credit rating spectrum seem to have already taken advantage of the ultra-low Fed rate regime and lower U.S. Treasury yields, as we've seen companies build huge cash positions over the past several years and also issue record volumes of debt issuances."