Morning Meeting: AT&T-Time Warner Bond Market Impact

The video discusses the potential impact of large M&A transactions on the bond market, highlighting historical examples and current investor appetite. It examines trends in debt issuance, noting a decrease in M&A-related issuance and a shift towards organic growth. The discussion also covers the sensitivity of the high yield market to interest rate changes, particularly in double B-rated bonds, and the implications for future investment strategies.

What concerns are raised regarding the performance of issuers that acquire other companies?

What are the implications of a steeper yield curve for the high yield market?