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    Will Schmitt

    Acting capital markets correspondent

    Will Schmitt is acting capital markets correspondent at the Financial Times focusing on corporate credit in the US. Before joining the FT in 2023, he covered asset management for Citywire in New York City. Prior to that, he worked for the Santa Rosa Press Democrat in northern California, reporting on local government, and he was the state politics and government correspondent for the Springfield News-Leader in southwest Missouri.
    Email Will Schmitt @double_you_ess  on Twitter (link opens in a new browser window)
    • Thursday, 29 May, 2025
      News in-depthX Corp
      How Wall Street offloaded $13bn of debt tied to Musk’s Twitter deal

      Trump’s election helped revive loans that once threatened to hit banks with big losses

      Elon Musk, Twitter logo, US dollars and Morgan Stanley logo
    • Saturday, 24 May, 2025
      Private credit
      Rating agencies in public brawl over scores for private credit

      Spat stems from retracted study on grading of insurers’ portfolio holdings

      A Fitch Ratings sign
    • Wednesday, 21 May, 2025
      CoreWeave
      CoreWeave raises $2bn in junk bond offering

      Deal will help AI data centre operator raise fresh capital after size of IPO was cut in Wall Street debut in March

      The CoreWeave company name and logo displayed on digital billboards in Times Square in New York
    • Sunday, 18 May, 2025
      UK economy
      Will a rise in inflation derail BoE’s rate cut plans?

      Market Questions is the FT’s guide to the week ahead

      Flowers bloom next to the Bank of England in London
    • Tuesday, 13 May, 2025
      S&P 500
      S&P 500 wipes out 2025 losses as stocks extend rally

      Inflation data helps Wall Street benchmark rebound from 15% fall sparked by Donald Trump’s tariffs

    • Friday, 9 May, 2025
      CoreWeave
      CoreWeave seeks new $1.5bn debt deal after downsized IPO

      AI data centre provider returns to investors with potential bond offerings that could reduce cost of borrowing

      A CoreWeave sign at the Nasdaq MarketSite in New York at the time of the company’s IPO in March
    • Thursday, 8 May, 2025
      Coinbase
      Coinbase agrees to buy Deribit for $2.9bn in digital market’s biggest deal?

      Crypto industry prepares for expected wave of demand from banks and asset managers

      The Coinbase logo displayed in Times Square, New York, US
    • Monday, 5 May, 2025
      Corporate bonds
      Bankers urge US companies to use reprieve in market swings to sell debt

      US corporate debt markets have stabilised after volatility prompted by Trump’s ‘liberation day’ tariff announcement

      close-up view of a stock market data board
    • Thursday, 24 April, 2025
      Trump tariffs
      Corporate America puts Wall Street on alert over damage from trade war

      Executives use earnings calls to lay out impact of Trump’s tariffs on costs and supply chains

      Shipping containers are stacked high at the Port of Los Angeles
    • Wednesday, 23 April, 2025
      Cryptocurrencies
      Trump’s memecoin surges as holders compete for dinner with US president

      The top 25 owners will be invited to a reception and VIP tour of the White House

      People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong
    • Wednesday, 23 April, 2025
      Jane Street Capital
      Jane Street trading revenues nearly doubled in 2024 to more than $20bn

      Secretive US firm continued to make inroads into business once dominated by Wall Street heavyweights

      The famous bull sculpture stands near Wall Street in New York
    • Sunday, 20 April, 2025
      Markets
      How much are tariffs weighing on US companies?

      Market Questions is the FT’s guide to the week ahead

      Workers assemble vehicle doors at the General Motors assembly plant in Fort Wayne, Indiana
    • Wednesday, 16 April, 2025
      US equities
      Tech stocks sink after Nvidia reveals hit from US curbs on sales to China

      Chipmaker leads declines as Wall Street sell-off reignites

      Trader holds head in hands on stock exchange floor
    • Tuesday, 15 April, 2025
      High yield bonds
      Venture Global debt deal wakes US junk bond market from tariff slumber

      Upsized offering from energy group ends two-week high-yield bond drought triggered by Trump trade war

      Bob Pender, Executive Co-Chairman & Co-Founder of Venture Global LNG, (L) and Mike Sabel, Co-Founder & CEO of Venture Global LNG
    • Monday, 14 April, 2025
      Corporate bonds
      Risky corporate borrowers shut out of bond market since Trump’s tariff blitz

      Slowdown in high-yield bond market issuance threatens a tentative rebound in dealmaking

      Donald Trump is seated at a desk in the Rose Garden of the White House, signing an executive order
    • Friday, 11 April, 2025
      Trump tariffs
      Dollar and Treasuries sell off as Trump’s China tariffs spook investors

      Scale of US levies on Chinese goods deepens recession fears

      Donald Trump listens during a cabinet meeting, flanked by Marco Rubio and Pete Hegseth
    • Thursday, 10 April, 2025
      Capital markets
      US risky debt funds hit by historic outflows as Trump’s tariffs shake markets

      Investors rush away from junk bonds and leveraged loans on rising recession fears

      The corner of Wall and Broad streets in Manhattan
    • Sunday, 6 April, 2025
      Trump tariffs
      Tariffs spark US junk bond sell-off as recession risk mounts

      Corporate credit is ‘canary in the coal mine’ for faltering economy, analysts warn

      People walk past Macy’s Herald Square flagship store in New York City
    • Thursday, 3 April, 2025
      Leveraged loans
      Finastra refinance effort stalls as US sell-off pressures hit loan market

      Company owned by Vista Equity Partners had been seeking to pay down big private credit debt

    • Sunday, 30 March, 2025
      Trump tariffs
      Will Trump’s tariff ‘liberation day’ rock markets?

      Market Questions is the FT’s guide to the week ahead

      A Donald Trump hat at the New York Stock Exchange
    • Thursday, 27 March, 2025
      Private credit
      Launches of private asset ETFs raise concerns in funds industry

      Insiders fear private credit and equity are ill-suited to highly liquid products for retail investors

      The State Street building in Boston
    • Wednesday, 26 March, 2025
      US equities
      US tech stocks drop as fresh jolt of volatility hits Wall Street

      Chipmaker Nvidia and Elon Musk’s Tesla slide, pushing Nasdaq lower for first time in four days

      A trader at a screen looking at share prices
    • Tuesday, 25 March, 2025
      Stablecoins
      Crypto group backed by Trump to launch stablecoin

      World Liberty Financial’s new USD1 token marks president’s latest foray into digital assets market

      The World Liberty Financial website arranged on a smartphone, showing Donald Trump and his sons Eric, Donald Jr and Barron
    • Thursday, 13 March, 2025
      Corporate bonds
      US junk bonds slide as Trump’s tariffs spark slowdown fears

      Premium investors’ demand to hold riskier debt jumps to highest level in six months

      People walk past the US Treasury building
    • Thursday, 6 March, 2025
      Capital markets
      Investors push money market assets over $7tn as US equities wobble

      Wall Street tumult gives investors ‘good excuse’ to shift into lower-risk holdings

      Close-up of Wall Street sign
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