Writing DCM Market Commentary for Monthly Client Reports
Pulled and synthesized debt capital market data across three currencies to write macro-linked monthly commentary.
Parth Garg
Investment Banking Senior Associate at Verity Knowledge Solutions Pvt. Ltd.
From their time as
Investment Banking Associate
Verity Knowledge Solutions Pvt. Ltd. • 2024 - 2026
Overview
Parth owned the monthly debt capital market report at Verity, covering issuances across EUR, GBP, and USD bond markets for UBS clients.
The Story
Parth owned the monthly debt capital market report at Verity, covering issuances across EUR, GBP, and USD bond markets for UBS clients.
He pulled all DCM issuance data for developed markets and organized it by currency, tracking deal counts, volumes, and key metrics across a three-year window on a year-to-date basis. The output was a PowerPoint presentation showing how market flows had moved across the three currencies, with comparisons between the current year and prior years.
Beyond the data, Parth wrote the accompanying commentary explaining why the market was performing the way it was. He connected the issuance trends to macroeconomic drivers by scanning financial and business news and aligning those signals with what the data showed. When Trump tariff announcements created geopolitical uncertainty, he identified that as a driver of DCM slowdown. When Fed rate decisions moved, he traced the direct impact on bond target rates and explained the mechanism in the commentary.
The result was a monthly report that gave clients not just the market data but a clear narrative for why conditions were moving in a particular direction.