Bonfire of the adjectives as credit burns hot

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By Jon Hay
20 Mar 2019

Bankers and investors are running out of superlatives to describe investor demand in Europe’s corporate bond market, as each deal seems to push further than the last into extreme territory.

“It’s complete and utter nonsense — I don’t know how to describe it,” said one syndicate banker. “It’s a rally I don’t know where it’s coming from. It won’t last for long but I can’t tell you how long it will last. Maybe longer than March.”

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