Credit buoyant as stocks slide: BMW enjoys the ride
After last week’s widening, there are signs of a gradual tightening in the iTraxx indices. Given the continued poor performance in the equity markets can this, albeit cautious, optimism among credit investors and borrowers be sustained? Daimler, France Télécom, Vodafone and Unilever, all poised to launch issues later today, will be hoping so. Read EuroWeek on Friday to find out.
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