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Bailey McCann, Opalesque New York:

Bond issuance data suggests that markets are likely to see a continued slowdown in new corporate and municipal bonds, according to the latest CUSIP Issuance Trends Report. Total CUSIP requests for new U.S. and Canadian corporate equity decreased 5% from December 2015 to January 2016, with a total of 1,487 new identifiers requested over the course of the month. On a year-over-year basis, corporate CUSIP request volume was down 12% for January 2016 versus January 2015.

The volume of requests for new municipal CUSIP identifiers also saw month-to-month declines in January. A total of 910 new municipal bond identifier requests were made over the course of the month, a 12% decrease from December 2015. On a year-over-year basis, municipal bond identifier requests were down 4% in January.

International debt and equity CUSIP International Numbers (CINS) both saw steep declines in January. Requests for new international debt CINS were down 14%, while requests for new equity CINS were down 49%. On a year-over-year basis international debt CINS were down 24% and international equity CINS were down 63% through January 2016.

"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 Intellig......................

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