Public Markets 3h Briefing
×Last updated: March 13, 2026, 8:32 PM ET
Credit Market Outlook
TD Securities recommended buying corporate bonds bloomberg.com as they believe current valuations have reached attractive levels for investors willing to take on additional risk. Meanwhile, Oaktree Capital's Danielle Poli predicts larger price movements bloomberg.com in credit markets ahead as global conditions continue to evolve, though she indicates the distressed debt opportunity isn't fully ripe yet. In related developments, Blue Owl Capital's BDC fund urged investors to reject bloomberg.com a share purchase offer led by Boaz Weinstein's Saba Capital Management, citing the offer price as too low relative to current market fundamentals.
Capital Markets Activity
The London Stock Exchange Group plans to sell bloomberg.com as much as $3 billion of high-grade US corporate bonds as soon as early next week, underscoring continued issuer demand in the debt markets. This issuance follows broader trends where corporations have been taking advantage of relatively favorable borrowing conditions to raise capital across various sectors.
Major Deal Developments
In a significant financial transaction, the Trump administration is set to receive wsj.com approximately $10 billion in fees for brokering a deal involving TikTok's U.S. operations, representing a substantial financial benefit for the government from the social media platform's restructuring. Separately, a California judge questioned the methodology ft.com behind Elon Musk's $134 billion claim against OpenAI, describing certain expert testimony as "numbers out of the air" while declining to exclude it from an upcoming April trial.
Geopolitical Risk Factors
Defense Secretary Pete Hegseth vowed to prevent nytimes.com Iran from attempting to shut down the Strait of Hormuz, with approximately 2,500 Marines being deployed to the Middle East to bolster regional security. These developments come amid President Trump's comments that the U.S. has "obliterated" military assets on Iran's crucial Kharg Island ft.com, warning he would attack energy assets if Tehran impeded shipments through the strategic waterway.