October 13, 2017

CUSIP Request Volume Signals Slowdown in Q4 Corporate Equity and Muni Bond Issuance

NEW YORK, NY, OCTOBER 13, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found mixed results this month. Pre-trade requests for new municipal bond and corporate equity identifiers decreased in September, while requests for new corporate debt identifiers increased during the month. This is suggestive of a possible decrease in new municipal bond and corporate equity issuance and an increase in new corporate debt issuance in the fourth quarter of 2017.

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Pre-Trade Municipal Bond Activity Shows Highest Monthly Volumes of 2017

"New security issuers are clearly watching interest rates closely as pre-market issuance activity continues to rise and fall in tandem with expectations for another Fed rate move," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Given the current level of geopolitical and market uncertainty, this kind of volatility in CUSIP request volume is to be expected."

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Issuance Trends September 2017


September 13, 2017

CUSIP Request Volume Suggest Growth in New Corporate and Muni Bond Issuance

NEW YORK, NY, SEPTEMBER 13, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found increases in the pre-trade market for municipal and corporate bond issues in August. This increased demand for new CUSIP IDs for corporate and municipal bonds is suggestive of a possible increase in new security issuance volume over the coming weeks.

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After Slowing in July, Pre-Market Corporate and Municipal Bond Activity Heats Up in August

"Market participants are clearly watching interest rates and the broader geopolitical situation to choose their spots to issue new securities optimally," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Though the vast majority of asset classes are showing growth in new request volume versus last year, we're not seeing the same unbridled enthusiasm that was a hallmark of new issuance volume in 2016."

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CUSIP Trends Global Issuance Report August 2017


August 9, 2017

CUSIP Request Volume Ebbs in July Signaling Moderation of New Securities Issuance Push

NEW YORK, NY, AUGUST 9, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found declines in the pre-trade market for municipal and corporate issues in July. This decreased demand for new CUSIP IDs for corporate and municipal bonds is suggestive of a possible slowdown in new security issuance volume over the coming weeks.

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Pre-Market Corporate and Municipal Bond Activity Slows in July Following Two Straight Months of Rapid-Fire Growth

"The on-again/off-again nature of CUSIP request volume over the past several months is indicative of the cautious optimism we're seeing reflected in market psychology," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Market participants still see opportunities to raise new capital, but they are also dialing it back as they continue to watch the interest rate situation and overall market behavior for signs of opportunity."

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CUSIP Trends Global Issuance Report July 2017


July 17, 2017

CUSIP Requests Stay Strong in June Signaling Growth in New Securities Issuance

NEW YORK, NY, JULY 14, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a surge in the pre-trade market for municipal issues while overall corporate requests increased despite a slight decline in equity and debt issuance in June. This increased demand for new CUSIP IDs for corporate and municipal bonds is suggestive of a possible uptick in new security issuance volume over the coming weeks. .

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Pre-Trade Municipal Bond Activity Shows Highest Monthly Volumes of 2017

"Despite some month-to-month choppiness in CUSIP request volume, overall, we're seeing every indication that 2017 is shaping up to be a year of healthy new security issuance volume," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "When all is said and done, we may be down a few notches in some asset classes and up in others, but the big picture outlook is for a strong volume of issuance in the coming weeks and months."

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CUSIP Trends Global Issuance Report June 17


June 17, 2017

CUSIP Requests Surge in May Signaling Growth in Corporate and Muni Bond Issuance

NEW YORK, NY, JUNE 12, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for May 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a surge in the pre-trade market for corporate and municipal bonds in May. This increased demand for new CUSIP IDs for corporate and municipal bonds is suggestive of a possible uptick in new security issuance volume over the coming weeks. .

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Pre-Trade Municipal Bond Activity Shows Highest Monthly Volumes of 2017

"In the big picture, we're seeing very healthy levels of CUSIP request volume, indicative of robust new issuance activity," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "But the path we've been taking to get there has been bumpy with monthly surges in activity followed by slow-downs over the course of the year."

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CUSIP Trends Global Issuance Report -- May 2017


May 10, 2017

CUSIP Requests Pull Back in April Signaling Possible Slowdown in Corporate and Muni Bond Issuance Volume

NEW YORK, NY, MAY 10, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a slowdown in the pre-trade market for corporate and municipal bonds in April. This reduced demand for new CUSIP IDs for corporate and municipal bonds is suggestive of a possible slowdown in new security issuance volume over the coming weeks.

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Decline Follows Two Straight Months of Surging Volume

"We're starting to see a pattern of on-again, off-again volume in new CUSIP requests as issuers juggle a great deal of uncertainty about the macroeconomic environment, the regulatory picture, and market volatility," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Based on the volume of CUSIP requests that we're currently seeing, the marketplace still sees a window of opportunity in the first half of 2017."

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 CUSIP Trends Global Issuance Report -- April 2017


APRIL 13, 2017

CUSIP Requests Climb Again in March Signaling Corporate and Muni Bond Surge

NEW YORK, NY, APRIL 13, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for March 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found an uptick in the pre-trade market for corporate and municipal bonds in March. This volume of pre-trade activity in corporate and municipal bond markets is suggestive of future growth in new securities issuance volume.

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Second Straight Volume Increase Suggests Robust Pace of New Issuance in First Half of 2017

"The CUSIP indicator has become a sentiment indicator, continually taking the pulse of new security issuers as they weigh the potential impact of geopolitical and economic uncertainty on the markets," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Based on the volume of CUSIP requests that we're currently seeing, the marketplace still sees a window of opportunity in the first half of 2017."

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CUSIP Trends Global Issuance Report -- March 2017


MARCH 16, 2017

CUSIP Requests Surge in February Signaling Corporate and Muni Bond Bounce

NEW YORK, NY, MARCH 16, 2017 CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a notable uptick in the pre-trade market for corporate and municipal bonds in February, following three straight months of declines.

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Volume Increase Follows Three Straight Months of Waning Demand

"The CUSIP indicator has been suggesting a slowdown in new debt issuance throughout the period of uncertainty surrounding the transfer of power in Washington,"said Richard Peterson, Senior Director, S&P Global Market Intelligence. "While we cannot yet tell whether this months reversal of that trend is a signal that sentiment is changing or an anomaly, we can say we expect to see a healthy level of new security issuance in the near term."

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CUSIP Trends Global Issuance Report -- February 2017


FEBRUARY 13, 2017

CUSIP Requests Show Third Monthly Decline in Corporate and Muni Bond Volume

NEW YORK, NY, FEBRUARY 13, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2017. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a notable slowdown in the pre-trade market for corporate and municipal bonds for the third straight month in January. Conversely, CUSIP request volume for domestic equity identifiers surged to its highest monthly level in nearly 4 years, reflecting a sharp uptick in a new class of shares issued by mutual funds to comply with the Department of Labor Fiduciary Rule.

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Fiduciary Rule Drives Surge in New Equity Instrument Creation

"At least for the immediate future, all signs appear to be pointing to a slowdown in corporate and municipal debt issuance," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "While that sentiment is reflected in current investor behavior, it will be instructive to watch the CUSIP issuance dataset for any signs of a potential change in the coming weeks and months."

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JANUARY 12, 2017

CUSIP Request Volume Dips Amid Rising Rates and Post-Election Jitters

NEW YORK, NY, JANUARY 12, 2017 - CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for December 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a notable slowdown in the pre-trade market for corporate securities and municipal bonds for the second straight month of December.

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Corporate and Municipal Bond Issuers Signal End to New Issuance Party

"The combination of a strong stock market response to the election, a Fed rate rise and collective uncertainty about the transition of power in the White House, it is of little surprise that issuers have signaled a pause during the month of December," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "We will continue to watch the CUSIP indicator as a key temperature gauge for new issuance volume as we head into the New Year."

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November 15, 2016

Requests for New Corporate Debt CUSIPs Continue to Grow, Muni Volume Hits 4-Month High

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for October 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found continued growth in the pre-trade market for corporate securities and municipal bonds.

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CUSIP Data Forecasts Surge in U.S. Corporate and Muni Debt Issuance

"A number of factors are at play in this data. In addition to the overall favorable lending environment, were also seeing significant M&A deal volume, which is increasing the demand for new debt instruments to finance those transactions," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "This combination of low interest rates and relatively robust capital markets activity should create a recipe for strong security issuance volumes as we head into 2017."

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OCTOBER 17, 2016

U.S. Corporate Debt Issuance Poised to Surge, CUSIP Data Shows

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, found a 14-month high in corporate debt volume in the month of September. Municipal bond activity, which had been steadily increasing for several months, edged lower during the month.

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Requests for New Corporate Debt CUSIPs Hit 2016 High in September, Muni Volume Edges Lower

"The big story on new debt issuance is all about the Federal Reserve and their decision to keep rates low," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "As long as corporate and municipal issuers can take advantage of these historically low interest rates, we expect the trend of strong new debt issuance volume to continue in force."

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September 12, 2016

U.S. Corporate And Municipal Debt Issuance Poised to Climb, CUSIP Data Shows

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, shows an increase in corporate requests but a drop in municipal requests.

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Corporate CUSIP Requests Up 12%, Municipal Requests Up 7% in August

"Though we continue to see ongoing economic and political instability on a global basis, overall CUSIP request volume is suggesting a fairly robust pace of new issuance as we exit the summer doldrums," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "This metric will continue to be a fascinating indicator of overall issuer sentiment as we head into the U.S. election and wrestle with ongoing debate over the future of monetary policy around the world."

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August 16, 2016

U.S. Corporate Issuance Up in July, CUSIP Requests Show

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, shows an increase in corporate requests but a drop in municipal requests.

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Municipal Requests Decline 30% Largely Due to State Fiscal Timing

"With ongoing economic and political instability, particularly in Europe, it makes sense this pre-capital markets activity would continue to show weakness,” said Richard Peterson, Senior Director, S&P Global Market Intelligence. “Given that governments have a ways to go before settling on solutions, we expect issuance to remain weak for the foreseeable future."

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July 14, 2016

U.S. Corporate and Muni Debt Issuance to Hold Steady, CUSIP Requests Show

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a steady issuance of new corporate and municipal debt offerings over the next several weeks.

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Pre-Trade Municipal Bond Activity Edges Higher in June

"Given all of the uncertainty in the global economy right now, it’s actually quite amazing that CUSIP request volume has stayed so strong,” said Richard Peterson, Senior Director, S&P Global Market Intelligence. “Clearly, issuers across several asset classes still see an attractive environment for raising new capital and that sentiment is continuing to show up in our CUSIP request data."

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Jun 16, 2016

U.S. Corporate and Municipal Debt Issuance Poised to Surge, CUSIP Requests Show

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for May 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in issuance of new corporate and municipal debt offerings over the next several weeks.

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Pre-Trade Corporate Debt Activity Reaches Highest Level of 2016

"With key economic data showing persistently weak growth numbers, interest rates continue to stay low and create an environment where corporations and municipalities can’t resist issuing new debt," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "Until the broader economy starts showing some signs of more significant recovery, we expect this trend to continue."

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May 11, 2016

U.S. Corporate and Municipal Debt Issuance Projected to Grow, CUSIP Requests Show

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in issuance of new corporate and municipal debt offerings over the next several weeks.

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Pre-Trade Corporate Debt Activity Reaches Highest Level of 2016

"As long as the interest rate environment continues to favor debt issuance, we expect to see this trend toward steady increases month-to-month volume continuing," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "While this month’s growth trajectory was not quite as pronounced as we’ve seen in recent months, it appears that the appetite is still very strong for debt issuers."

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April 13, 2016

New Municipal Bond Activity Up 26% vs. February Totals

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for March 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in issuance of new corporate and municipal debt offerings over the next several weeks.

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CUSIP Request Volume Surges for Second Straight Month, Forecasts Steady Growth in New Corporate and Municipal Bond Issuance

"The combination of the U.S. Federal Reserve signaling a cautious approach to rate increases and the decision by the European Central Bank to include investment-grade corporate bonds in its buying program has driven a bullish outlook for debt and equity issuers," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "While we anticipate future issuance volume to be highly sensitive to changes in monetary policy, the outlook for right now is signaling continued growth in new issuance."

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March 9, 2016

New Municipal Bond Activity Up 25% vs. January Totals

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a resurgence in issuance of new corporate and municipal debt offerings over the next several weeks.

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CUSIP Request Volume Grows in February, Forecasts Reawakening of Corporate and Municipal Bond Issuance

"After starting the year with a decidedly risk averse approach to underwriting, issuers of new corporate securities and municipal debt have increased the pace of new issuance activity significantly in February," said Richard Peterson, Senior Director, S&P Global Market Intelligence. 'Despite the monthly growth, however, year-over-year CUSIP request totals are still down across most asset classes, so it remains to be seen whether this is a monthly blip, or if issuers are starting to come back to the markets in force."

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February 16, 2016

New Municipal Bond Activity Down 12% vs. December 2015 Totals

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a continued slowdown in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Continues Downward Trend in 2016, Forecasts Continued Volatility in Corporate and Municipal Bond Issuance

"While the uncertainty of the Fed’s timing on interest rate increases certainly drove some year-end surges in new debt issuance last year, the trend is now clear for the next several weeks that we expect to see a decrease in new security issuance," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "With new CUSIP request volume trending down in virtually every major asset class this January, we expect the pace of new securities coming to market to follow suit."

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January 14, 2016

New Corporate Bond Activity Down 8.6% in 2015

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Trends Downward in December, Forecasts Continued Volatility in Corporate and Municipal Bond Issuance

"A great deal of the activity in corporate and municipal bond issuance over the course of 2015 was defined by speculation around interest rates," said Richard Peterson, Senior Director, S&P Global Market Intelligence. "It is fitting, then, given the December move by the Fed that we’re now seeing a slow-down to the fever pitch of bond issuance we saw earlier in the year. Expect that trend to continue throughout the first part of this year."

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December 9, 2015

New Municipal Bond Identifiers Issued at Fastest Pace Since July 2015

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Edges Higher in November, Forecasts Continued Issuance Activity Among U.S. Corporate and Municipal Bond Issuer

"With much of the marketplace anticipating an interest rate increase being announced after the December 16 FOMC meeting, debt issuers are clearly making one more push fund at current rates," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "It will be critical to watch CUSIP request volume in the immediate aftermath of a rate increase to determine how the capital markets will digest the news."

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November 12, 2015

New Corporate Volume Hits 2015 High

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for October 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a surge in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Reverses 5-Month Slump, Forecasts Surge in U.S. Corporate and Municipal Bond Issuance

"What we’re seeing in the current CUSIP issuance numbers is a 'dash for debt' among U.S. corporate and municipal issuers who are looking to raise fund ahead of an interest rate increase from the Fed," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "CUSIP request volumes will be instructive as we draw closer to a rate rise, offering us an early look at how capital markets might respond in a rising rate environment."

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October 7, 2015

New Corporate Volume Hits Seven-Month Low

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a continued slow-down in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Shows Fifth Consecutive Monthly Decline Among Corporate and Municipal Bond Issuers

"The phrase ‘don’t fight the Fed’ has become something of a mantra on Wall Street over the last several years and corporate and municipal debt issuers are clearly heading that advice right now," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "While CUSIP request volume has made it clear that there will be declines in new debt issuance in the coming weeks and months, we’re anxious to see whether that trend will continue once the first rate hike takes place."

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September 15, 2015

Muni Volume Hits 11 Month Low in August

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slow-down in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Shows Fourth Consecutive Monthly Decline Among Corporate and Municipal Bond Issuers

"Everyone in the financial markets - including issuers of new debt - is focused on the prospect of the Fed raising rates in September; we're seeing that reflected in the CUSIP data," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "The combination of increased market volatility and uncertainty around interest rates has created a perfect storm for a slowdown in new issuance. The question now is: how long will it last?"

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August 11, 2015

U.S. Corporate Issuers Show Signs of Increased Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slow-down in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Shows Third Consecutive Monthly Decline Among Corporate and Municipal Bond Issuers

"While corporate issuers are continuing to rally while rates are still low, the municipal bond market is sending clear signals of a forthcoming slowdown in new issuance," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "We expect to continue to see volatility in the CUSIP volume data for the next several months as issuers around the world keep a close eye on U.S. interest rates."

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July 9, 2015

New Bond Issuance 'Frenzy' May Be Slowing Down

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slow-down in new corporate and municipal bond issuance over the next several weeks.

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CUSIP Request Volume Shows Second Consecutive Monthly Decline Among Corporate and Municipal Bond Issuers

"It's no coincidence that the first signs of a slowdown in the pace of new bond issuance are coinciding with signals from the Federal Reserve that interest rates will be rising soon, said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. However, we expect to see continued volatility in these numbers in the coming months as the capital markets continue to watch the Fed and the global market environment closely for signs of when rates may rise."

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June 10, 2015

CUSIP Request Volume Shows Possible Inflection Point in Bond Issuance Frenzy

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a notable increase in corporate and municipal debt issuance over the next several weeks.

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Requests for New Corporate and Municipal Bond Identifiers Decline in May

"As long as the Federal Reserve continues to keep rates low, we expect bond issuers to continue to issue new debt," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "While the slight pull-back this month may be the first sign of a slowdown in the runaway pace of new issuance, we do expect to continue to see a high overall volume of new security issuance in the days and weeks to come."

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May 14, 2015

CUSIP Request Volume Projects Surge in New Corporate and Municipal Bond Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a notable increase in corporate and municipal debt issuance over the next several weeks.

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Requests for New Municipal Bond Identifiers Increase at Fastest Rate Since 2012

"As long as the Fed continues to keep rates low, bond issuers in particular are going to take advantage of what might be the last hurrah to get into the markets at such low rates," said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. "While the CUSIP indicator is still telling us that the pace of new issuance will not slow down anytime soon, it will be very interesting to watch for signs of a change in sentiment as the macroeconomic situation evolves."

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April 12, 2015

CUSIP Request Volume Projects Surge in New Corporate and Municipal Bond Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for March 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a notable increase in corporate and municipal debt issuance over the next several weeks.

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Requests for New Security Identifiers Increase at Fastest Rate Since 2013

“Issuers of new securities have made their intentions known: they plan to get into the market and get in quickly,” said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. “While the CUSIP indicator had been sending mixed signals throughout the end of 2014 and into early 2015, the consensus is now clear across virtually every major asset class. We're going to see a surge in new security issuance.”

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March 12, 2015

CUSIP Request Volume Projects Increases in Corporate and Municipal Bond Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible increase in corporate and municipal debt issuance over the next several weeks.

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Texas Sets the Pace as Municipal Bond Issuers Take Advantage of Low Rates to Re-Fund

“This may be the last hurrah for bond issuers to take advantage of historic low interest rates,said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. As the marketplace continues to hang on every word from the Fed, we expect to see a healthy volume of new bond issuance in the coming weeks that will take advantage of the current low rates.”

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February 12, 2015

CUSIP Request Volume Projects Sluggish Corporate Bond Issuance in Q1

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2015. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slowdown in U.S. and international corporate debt issuance and an increase in municipal bond issuance over the next several weeks.

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Municipal Bond Volume Trending Up

“Volatility continues to be the name of the game when it comes to new capital creation trends in the U.S. and internationally, said Richard Peterson, Senior Director of Global Markets Intelligence, S&P Global Market Intelligence. As the macroeconomic environment continues to keep the markets on their toes, we expect to see new instrument issuance ebb and flow with the perceived level of opportunity over the course of Q1.”

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January 14, 2015

CUSIP Request Volume Projects Slowdown in New U.S. Corporate Debt, Muni Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for December 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slowdown in U.S. corporate debt and municipal bond issuance and an increase in international issuance over the next several weeks.

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International Volumes Suggest Surge in New Foreign Equity and Debt Issues in 2015

“Much like the market environment we’ve been living in, CUSIP issuance volumes have shown a fair amount of volatility over the course of 2014,” said Richard Peterson, Director of Global Markets Intelligence, S&P Global Market Intelligence. “This activity suggests a cautious start to the new year when it comes to issuers creating new debt and capital vehicles.”

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December 18, 2014

CUSIP Request Volume Projects Volatility in Global Securities Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests forthcoming volatility in U.S. corporate securities, international securities and municipal bond issuance over the next several weeks.

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U.S. Corporate and Municipal and International CUSIP Request Volume Flags in November

“We’re starting to see the early signs of issuers preparing for a rising interest rate environment,” said Richard Peterson, Director of Global Markets Intelligence, S&P Global Market Intelligence. “While we definitely saw some drop off in November, the trend for the year is one of continued strength. Issuers’ activity is showing their confidence in exploiting market conditions as they evolve.”

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November 14, 2014

CUSIP Request Volume Projects Growth in Global Securities Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for October 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests growth in U.S. corporate securities and municipal bond issuance and stability in international securities issuance over the next several weeks.

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U.S. Corporate and Municipal Bond CUSIP Requests Roar Ahead in October

“After several months of volatility in the overall volume of new CUSIP requests, issuers have made their intentions to enter the market clear in October,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “Based on the strong volume of new ID requests we’ve seen this month, it is clear that issuers plan to seize on current equity and debt market dynamics to enter the marketplace.”

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October 14, 2014

CUSIP ID Request Volume Projects Slowdown in U.S. Corporate and Municipal Securities Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible slowdown in U.S. corporate securities and municipal bond issuance and increases in international securities issuance over the next several weeks.

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International Issuance Indicator Showing Improvement

“The issuance trend in the U.S. is starting to look less like a seasonal blip and more like a signal from issuers that they will soon start slowing their pace of new capital creation,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “Internationally, however, it looks like the appetite for new issuance activity really starting to grow.”

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September 14, 2014

CUSIP ID Request Volume Projects Possible Slowdown in U.S. and International Corporate Securities Issuance

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible hiccup in new global corporate securities issuance and increases in municipal bond issuance over the next several weeks.

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Municipal Bond Issuance Indicator Showing Improvement

“Though we’ve seen some noteworthy declines in requests for new corporate bond issues in the US and international markets in August, it could be attributable to a seasonal blip,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “However, with major monetary policy decisions looming at the Fed and European Central Bank, we will have to watch the CUSIP indicator closely over the next several months for signs of a changing tide in new capital creation.”

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August 14, 2014

CUSIP ID Request Volume Projects Increases in U.S. and International Corporate Securities Issuance Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in new U.S. corporate and international securities issuance and a decrease in municipal bond issuance over the next several weeks.

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Municipal Bond Issuance Trending Down After Five Months of Gains

" Athough we'r seeing a distinct downward trend in municipal bond and international debt-related issuance volume, the overall capital markets picture is still very strong as we peer a little deeper into the second half of 2014,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “Clearly, actions by the Federal Reserve and European Central Bank will eventually have an impact on these numbers, but, for now, we are seeing signs of continued strength in new security issuance volume."

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July 14, 2014

CUSIP ID Request Volume Paints Mixed Outlook for Capital Markets Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a potential hiccup in new U.S. corporate securities issuance and an increase in municipal bond and international security issuance as we head into the third quarter of 2014.

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1st Half 2014 CUSIP Issuance Down 3.3% vs. 2013, But Recent Increases Foreshadow Robust Volume in 2nd Half

“A lot of the downward trend we're seeing on an annualized basis reflects the uncertainty that existed in the markets during the first few months of the year,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “While monthly volume in U.S. corporate securities identifiers was down slightly in June, for the most part, we've been seeing pretty steady increases in volume ever since the spring of 2014.”

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June 14, 2014

CUSIP ID Requests Forecast Surge in U.S. Capital Markets Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for May 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests an increase in new U.S. securities issuance and a slowdown in international issuance through the second quarter of 2014.

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With U.S. Issuance Poised for New Highs, International Markets Show Signs of Slowdown

“With the market recovery now well underway in the U.S., corporate and municipal issuers are clearly taking advantage of the still favorable interest rate environment to access the capital markets”, said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “Internationally, we're still seeing hiccups in monthly volumes that indicate a lingering sense of uncertainty among issuers.”

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May 14, 2014

CUSIP ID Requests Forecast Surge in Global Capital Markets Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests an increase in new securities issuance through the second quarter of 2014.

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New Corporate and Muni Issuance Gains Momentum

“This may be the year when slow and steady wins the race,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “While we've yet to see the dramatic surges in new request volume that we've seen in other post-recession years, the CUSIP Issuance Trends indicator is telling a consistent growth story as we head deeper into 2014.”

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April 14, 2014

CUSIP ID Requests Project Steady Uptick in Global Capital Markets Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report March 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests an uptick in new securities issuance as we make our way through the first quarter of 2014.

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New Corporate and Muni Issuance Gains Momentum

“While the numbers are still stopping short of outright bullish signals for new capital markets activity, we are seeing steady signs of improvement as we make our way through 2014,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “What is clear from this month's CUSIP Issuance Trends data is that capital markets in the U.S. and internationally are showing real stability.”

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March 14, 2014

CUSIP ID Requests Forecast Thaw in Capital Markets Activity

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report February 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a possible inflection point in new securities issuance as we make our way through the first quarter of 2014.

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U.S. Corporates and Munis Poised for Growth, International Corporates Mixed

“Consistent with other industry metrics, CUSIP request volume is signaling the early signs of a turning point in capital markets activity,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “Whether this is a monthly blip or a true inflection point remains to be seen, but the recent trend in U.S. dollar denominated security identifier requests is certainly suggesting a positive trajectory for 2014.”

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February 19, 2014

CUSIP ID Requests Forecast Mixed Volume of New Security Issuance in Q1

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a mixed bag of new issuance volume as we make our way into the first quarter of 2014.

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U.S. Corporates Poised for Growth, Munis in Decline, International Corporates Mixed

“Sentiment surrounding new security issuance reflects the overall sense uncertainty that is prevalent in today's capital markets,” said Richard Peterson, Director, Global Markets Intelligence, S&P Global Market Intelligence. “While the appetite for new U.S. corporate issuance remains strong, significant declines in municipal bond and international debt ID request volume underscore a 'wait-and-see' sensibility among many issuers.”

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January 16, 2014

CUSIP ID Requests Notch Gains in 2013, but Recent Data Signals Slowdown in New Bond Issuance in for 2014

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for December 2013. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a potential slowdown in new capital markets activity as we enter the first quarter of 2014.

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Companies, Countries Power Up Bond Sales --- Biggest Day This Year for Corporate Debt, but Pace Slow

Companies in December requested fewer new CUSIPs. Companies requested 618 new CUSIPs in December, down from 753 in November. In 2012, there was an uptick from November to December. Companies typically request CUSIPs a couple of days before selling securities. “You're ending the year on a downbeat basis,” said Richard Peterson, a Director at S&P Global Market Intelligence, which manages CUSIP Global Services on behalf of the American Bankers Association. “We use it as a barometer of capital markets activity.”

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