Corporate bonds offer lesson in pragmatism
While its barnstorming start to the year gave fee-earning bankers joy, the corporate bond market’s sturdiness in the face of shrill political risk is in some ways its most impressive feat this month.
Throughout January, corporate euro issuers have found a ready investor base to buy their bonds. Supply has included long dated triple-B rated paper, crossover credits and unrated borrowers, all of which have found sufficient demand.This is despite an ever increasing scepticism on duration risk and a start to ...
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