Corporate market divided on euro rescue chatter, but hopes for deals

25 Sep 2011

Europe’s corporate bond market has been looking for direction, as it digests reports from the International Monetary Fund meeting in Washington about new policy initiatives to save the euro.

The market opened down on Monday morning, but then rallied — although stocks and credit spreads have weakened again since lunchtime. But although the tone is markedly better than on Friday, there is very little real news to cheer investors. Nevertheless, new investment grade deals are likely this ...

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