Author: Ben Beasley-Murray So far it has been a tough year for the European corporate bond market. An environment of rising interest rates, intensified event-risk anxiety and continued poor performance of the euro against the dollar have hampered new issuance. The previous year, by contrast, volume of issuance and demand for corporate euro-denominated paper easily exceeded expectations. Reports of the death of the market are exaggerated, however: although investors are not going to revert to what was sometimes undue enthusiasm, positive sentiment is returning.
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