As equity markets continue to power ahead the European corporate bond market is being left behind. D...
As equity markets continue to power ahead the European corporate bond market is being left behind. Debt funded mergers and acquisitions have become more common, putting pressure on yield levels. This event risk is creating a ratings problem for some investment grade bonds. Even so corporates remain attractive relevant to government paper, held back by lack of supply which has already pushed prices up strongly. Alix Stewart, investment director on Standard Life Investment's fixed interest desk, says: "In general the market looks cheap, and financials in particular, and extra yield should c...
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