Blue-chip companies are accelerating debt issuance to avoid market volatility, spurred by the Iran conflict and US midterm elections. Bankers report firms are seizing any positive market opening to issue bonds, contrasting with their previous cautious approach. A notable $22bn was raised in a single day by 16 firms, including Glencore and Citadel Securities, after issuance stalled last week.

This shift reflects a move away from waiting for sustained calm towards 'go, no go' decisions daily, as JPMorgan's John Servidea notes. The record $65bn issuance on March 10 highlights the market's responsiveness to geopolitical hopes.