Corporate rally on hold as issuers pull back

16 Mar 2011

The rally in European corporate bonds has stalled following Japan’s earthquake.

Investment grade spreads held firm on Monday, with most recently issued bonds and the iTraxx Main tightening slightly. The high yield market was also stable. But that all changed on Tuesday as the situation at Japan’s Fukushima nuclear power plant worsened, causing the Nikkei to fall by over ...

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