Brian Reynolds Market Quotations

My gut tells me that spreads and yields are still too high to see a flood of deals. But if the market continues to improve, we will be at a point where a pickup in deals would be feasible.

We're looking for signs that it won't continue, but right now I'm not seeing signs of that. The rises in corporate issuance coincides with strength in the market as investors realized the corporate bond market wouldn't let them down.

GM's going out to the markets to get the money and they're going to put it back into the market, so in a sense it's a wash,