March 16, 2021 |
Despite some volatility around US Treasuries that led to a quiet spell in bond sales in the second half of February, Reggie de Villiers, head of Latin America Debt Origination and Structured Debt Capital Markets at UBS, deemed the first quarter to be a good one.
“It’s been an issuers market. We had a good first quarter and, if rate volatility subsides, we expect that to continue into the second quarter,” he said.
De Villiers believes that so long as volatility is low, the expected trend of rising rates will be manageable because, in historical terms, rates are extremely low.
“The consensus is that rates are going to be rising, but if it’s orderly and gradual, the market is at ease,” de Villi
Interview with Reggie de Villiers, Head of Latin America Debt Origination and Structured DCM at UBS