On the heels of a turbulent December, 2019 got off to a rocky start as investors took a wait-and-see approach. Sluggish volume of $2.1 billion through February was buttressed by an additional $2.1billion of new issuance in March as investor concerns eased and M&A activity picked up. The latest data indicates that April is poised for a strong showing with $1.9 billion of volume through mid-April.