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Corporate Bonds

Euro volatility finally breaks corporate bond market’s spirit

The European investment grade corporate bond market finally succumbed to the eurozone’s sovereign debt crisis this week, with spreads gapping out and new issue supply totalling just Eu250m. This was in sharp contrast to the US, where some $5bn of bonds were priced, including deals for credit crisis bad boy AIG and Irish building firm Irish CRH America (see separate story).

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