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Corporate Bonds

Brexit threat spoils Draghi's corporate bond party

Draghi-1457

Under normal circumstances the arrival of the European Central Bank as a buyer of bonds in a particular market would be greeted with euphoria, tightening spreads and a bulging pipeline of deals. However, the phalanx of political risks threatening financial markets this month, chief among them the UK’s Brexit referendum, means the corporate bond market is braced for a rocky June.

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