While September tends to be a tougher trading month for equity markets (^DJI, ^IXIC, ^GSPC) — and even the crypto space — it's an opportune period for the credit market as companies pile into the corporate bond market. Tuesday marked one of the biggest sales of high-grade corporate bonds, amounting to $43.3 billion.

S&P Global Ratings global head of private markets analytics Ruth Yang joins the Catalysts team in-studio about the credit market outlook amid the anticipation for the Federal Reserve to cut interest rates.

"And we're looking for the rates to drop by about 150 basis points over the next 15 months. So the world is kind of starting to say, 'Okay, we've got inflation under control. Things are getting better. Credit is settled in higher for longer. And now is the opportunity to kind of refinance and get the wheels really back in motion,'" Yang tells Yahoo Finance.

Yang adds that as credit markets "continue to open" in the transition from higher for longer rates, business development companies (BDCs) will grow as retail investors utilize them to access private credit markets.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.