As Middle East tensions shake global markets and drive up credit risk indicators, European borrowers are postponing bond issuance plans. On Monday, the public bond market in the region saw no new bond offerings in euros, pounds, or dollars. According to informed sources, borrowers who had planned to issue bonds have opted to delay their transactions. Marco Baldini, head of Barclays' global investment-grade bond syndicate, stated, "We are currently in a wait-and-see mode. Given the weak market backdrop, all decision-making meetings regarding launching issuances today have been canceled," referring to the routine morning meetings between bankers and prospective issuers. A survey conducted late last week indicated that bond market participants had expected a strong start to issuance in March. At that time, all respondents forecasted weekly issuance of at least €25 billion ($29 billion), with some predicting it could exceed €50 billion. However, the situation changed rapidly over the weekend as hostilities escalated between the U.S. and Iran, further intensifying conflict in the Middle East. European corporate credit risk indicators saw their largest increase since last October during early trading, while global stock markets declined and oil prices surged. Traders noted that high-grade credit spreads in Asia widened by approximately 4 basis points, marking the sharpest rise in seven months. Data show that if no bonds are issued today, it would be the first Monday this year with zero bond issuance. It is worth noting that debt markets typically recover quickly from shocks, and the previously forecasted issuance volume for this week suggests significant supply is ready once stability returns. However, Andrea Seminara, CEO of Redhedge Asset Management, expressed concern: "My biggest worry is the large supply we had anticipated for this month. I wouldn't wait too long—it's better to issue slightly cheaper now. Losing 10 basis points is preferable to losing 300."