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Central Bank policy rates

Prospects Daily: Year-to-date global corporate bond sales rose to $3.43 trillion

Financial Markets…Year-to-date global corporate bond sales rose to $3.43 trillion, already surpassing 2011’s full year total of $3.29 trillion, as further stimulus from global central banks pushed yields to record lows. Funding costs for the riskiest to the most creditworthy corporates are plunging as the persistent low-yield environment spurred unprecedented investor demand.

Prospects Weekly: The looming US “fiscal cliff” is one of the main downside risks to the global economy in 2013

The looming US “fiscal cliff” is one of the main downside risks to the global economy in 2013, with Latin America and East Asia and Pacific to be among the most affected if it materializes.