Don’t blink now: corporate market braces for UK referendum vote

brexit px230
By Ross Lancaster
23 Jun 2016

As UK voters made their way to the polling stations, Europe’s investment grade corporate bond market geared up for a frantic Friday, when the referendum’s results are announced.

Corporate bond spreads continued to hold steady on Thursday, with very little trading taking place. But the Eurosystem was active as one of the few buyers in market, said a syndicate manager in London.  

The European Central Bank’s Corporate Sector Purchase Programme began on June 8. Since ...

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