Weekly Capital Markets Update

Capital market activity for the week ending May 11, 2026, was characterized by a 24% decline in global debt issuance but double-digit growth in index-linked ETF AUM and derivative volumes.

Key Takeaways

• 1.Global debt issuance volumes saw a sharp 24% y/y decrease for the week of May 11, 2026, driven largely by contraction in leveraged loans and high-yield issuance.
• 2.Index-linked ETF AUM continues to show robust growth, with SPGI-linked AUM up 34% and MSCI-linked AUM up 42% y/y.
• 3.Global fund formation is down significantly, contracting 51% y/y, with ESG fund formation specifically falling 67% during the same week.

Table of Contents

• AMERICAS BUSINESS & INFORMATION SERVICES
• Weekly Global Capital Markets Update Through 5/18/26
• Global Capital Markets Details Through 5/18/26
• Global Debt Issuance Volume Growth Highly Correlated with SPGI and MCO Ratings Revenue Growth
• SPGI/MSCI Index-Linked ETF AUM Growth Highly Correlated with SPGI/MSCI Asset-Based Fees Growth
• SPGI/MSCI-Linked ETD Volume Growth Predictive of SPGI/MSCI ETD Revenue/Run-Rate Growth
• Disclosure Appendix

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