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Corporate Bonds

PMM: Demand dwindles in tight corporate bond market

tight_adobe_575px_14Sep20

Aside from the covered bond market, issuance volumes fell away in most corners of the primary market last week as the markets slow for summer. Although most deals were well subscribed, the average oversubscription ratios in each market struggled to maintain previous levels — a reflection of the tight spreads on offer in FIG and corporate bond markets.

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