Tuesday , February 18 2020
Home / FT Alphaville / 2018 could be a banner year for US M&A — and bond investors are nervous

2018 could be a banner year for US M&A — and bond investors are nervous

Summary:
US mergers and acquisitions activity fell off a cliff in 2017. The value of deals this year has been about half what it was in 2015 and 2016, and about a third lower than 2014. Chart from CreditSights:Some of this was to be expected. We’re told that executives tend to be cautious in the first year of a new administration because they want to get a feel for how regulations and antitrust enforcement might change. (You can’t see that clearly on this chart because 2009 coincided with the cyclical nadir of the US economy and financial markets…) This was likely exacerbated by heightened uncertainty over trade and tax policy.Barring a few notable exceptions, however, the US government seems to be just as accommodating to the desires of big business as the Obama administration. Analysts at

Topics:
Matthew C Klein considers the following as important:

This could be interesting, too:

Alexandra Scaggs writes Thought for the weekend

Sujeet Indap writes Jonathan Knee explains 25 years of Wall Street’s evolution

Paul Murphy writes The Beaufort sting

Thomas Hale writes The green multiplier effect

US mergers and acquisitions activity fell off a cliff in 2017. The value of deals this year...

Matthew C Klein
I write about the economy and financial markets for Bloomberg View. Before that I wrote for The Economist. I have worked at the world’s largest hedge fund and read every FOMC transcript since May, 1987

Leave a Reply

Your email address will not be published. Required fields are marked *