Goldman Sachs Sees Calm in Corporate Credit Market Before Supply Surge

Key Summary

Goldman Sachs expects corporate credit markets to remain stable for about two months due to a pause in the biggest borrower's new debt sales, but warns that underlying pressures, including heavy AI-related issuance and rising Treasury yields, are still in place. The bank's projection puts the window of stability at roughly two months, after which the picture is expected to change once issuance comes back or other supply and demand forces kick in.