Andy Constan: $192 billion annual pace is 43% of total planned new issuance

Andy Constan: $192 billion annual pace is 43% of total planned new issuance
$192 billion pace 43% of new issuance

A $192 billion annual pace represents 43% of the total planned new issuance, with offers described as sparse.

Andy Constan, founder and strategist at Damped Spring Macro, shared this assessment and also noted that Scott Bessent is suppressing long-term interest rates.

Constan previously described a 55 percent drop in ONDS shares following a deal he viewed as unfavorable. In addition, he commented that the difference between 48% and 56% net long positions for long/short equity funds is relatively insignificant, citing a 1.2% return gap in a separate note on fund performance. These recent remarks follow his ongoing commentary on market structure and fund positioning.

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