Yesterday saw just one IG borrower come to market, namely a US$2bn three-part deal from Asian lender DBS, bringing weekly volumes to US$36.625bn, in line with syndicate forecasts of US$35bn-US$40bn.

S&P 500 correlation recently hit its lowest level in 30 years, according to UBS, as gains from sectors like healthcare and consumer staples offset a stuttering performance from the benchmark’s mega-ca ...