The Mumble: beware the hangover

April 12, 2013 12:00 AM

Nearly three years on from the start of the eurozone sovereign debt crisis and investors are still largely driven by fear, but at least now that fear is showing its face in the mega book sizes on this week’s SSA deals. Take one announcement from the Bank of Japan and investors pile wholesale into any issue going in a desperate attempt to get in ahead of the anticipated flood of Japanese buying.

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