Schuldschein lenders will stay faithful as ECB tapers
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Schuldschein lenders will stay faithful as ECB tapers

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The ECB stimulus has likely contributed to a flow of borrowers and buyers entering the Schuldschein market, as downward pressure on spreads has forced lenders to look further for yield. But with talk of ECB tapering, some fear that the international investors who drove up volumes will return to more traditional stomping grounds. Others , however, think these investors will be more faithful.

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