ASF tests investors' appetite for long end

busy road 230x150
By Ross Lancaster
05 Jan 2017

Autoroutes du Sud de la France, the French toll road operator, tested the investment grade euro corporate bond market’s taste for tenor on Thursday with a 10 year trade.

Since the final quarter of 2016, euro investors have cooled on buying longer dated corporate paper, a popular trade during the second and third quarters of the year after the European Central Bank announced its Corporate Sector Purchase Programme.

But as expectations grew that US-driven inflation and rate ...

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