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.
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Global economy remains fragile; high-income countries suffering from slow growth.
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