PitchBook-全球市场快照（英）-2025.7_10页_543kb

Global Markets Analysis Summary

Key Market Trends:

1. Equity Markets:

   • Major indexes in the US showed robust performance, with the S&P 500 up 16.3% YTD and Nasdaq Composite up 20.9% YTD.
   • PE and VC-backed public listings in July included firms like Figma, NielsenIQ, and Smartworks.
   • Deal activity in July featured notable transactions such as a buyout of Reckitt Benckiser Group and an investment in Techem.

2. Debt Markets:

   • US leveraged loan volumes and high-yield bond values showed positive growth by mid-2025.
   • The distressed ratio in leveraged loans remained relatively low, indicating manageable pressure.
   • Interest rates in developed economies showed mixed trends with the US and Eurozone rates holding steady.

3. Real Estate:

   • REIT returns ranged from negative to positive based on asset type, with commercial properties showing better YTD results.
   • Key real estate metrics highlighted shifts in single-family home sales and increasing mortgage rates, reflecting moderating growth in residential real estate.

Cross-Market Insights:

• Equity markets globally exceeded their 2024 levels in 2025, particularly in growth-oriented sectors.
• Geographically, the US and European markets saw strong performance. Asian and emerging markets lagged but still showed positive growth.

Key Metrics:

• The 10-year US Treasury yield stood at 4.38% by July 31, 2025.
• Real yields and inflation expectations varied across economic regions.

Executive Summary for Further Reading: SSO.0.Timestamp: August 1, 2025.