Deal boom is a sign of stress — but who cares?
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Deal boom is a sign of stress — but who cares?

Why are companies issuing so many bonds? They are worried funding conditions will deteriorate, as sovereign turmoil, international tension or economic gloom start to gnaw at investors’ souls. That could suggest investors are wrong to buy the deals now. But money needs a safe home, and at the moment, corporate debt is it.

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