Last year the new-issue corporate bond market was so buoyant that 2010 can only disappoint. Indeed, January’s optimism has quickly turned to February’s anxiety, as fears over bond market access for Europe’s peripheral sovereign borrowers have prompted a rise in funding costs and a slowdown in issuance.
The continued volatility in credit spreads across the board caused by Greece’s bungled five-year issue in January and questions about whether it will receive financial aid from the European Union has helped contribute to a slowing in corporate issuance.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
