Debt-fuelled acquisitions can be hard to resist when there seems little prospect in sight of interest rates returning to anything approaching normal levels.
Claims that the 30-year bull run in the bond market ended in January when 10-year US Treasury yields shot up to 2.6% – a high not since for, oh, nine months – sound like the usual attention-seekers crying wolf.
There is no realistic prospect of rate rises in Europe any time soon.
It is perhaps surprising that the net result of this – artificially cheap debt – hasn’t wreaked more corporate havoc yet.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
