Pre-migration untagged articles
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A late recovery in stockmarkets led US credit indices to closing prices yesterday (Thursday) that were little changed from the previous day after a session of turmoil and volatility, precipitated by the fear that Merrill Lynch would dump some $850m of subprime related CDO positions on the market.
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Asset backed commercial paper issuers fought through another tough week as funding costs were forced up by difficult liquidity conditions in the US market.
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The jumbo covered bond market finally made good this week on the promise it has offered all year. New issuance approached Eu10bn, US distribution continued to grow, and total output for the year overtook 2006’s record-breaking run rate.
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1960 Born