Corp bond market feels so hot it doesn't need Draghi
Demand is so hot in Europe's corporate bond market, that with pricing being driven to ever tighter levels, bankers are beginning to believe the rally is self-sustaining, and would continue even without European Central Bank (ECB) support, writes Nigel Owen.
Twenty investment grade corporate bonds have been issued in Europe this week. Almost uniformly, their books were multiple times oversubscribed, their new issue premiums tight or non-existent and they tightened on the break.
The market has been hot for
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