Corporate bond issuances are continuing to meet strong demand from institutions looking to decrease ...
Corporate bond issuances are continuing to meet strong demand from institutions looking to decrease their weightings in gilts. Although after a bumper period of corporate bond issuances over the first half of the year, the level of new paper is now starting to ebb as the money markets enter the traditional summer slowdown. Net outflows from gilts have coincided with net inflows into corporates over the first two quarters as institutions position their portfolios in line with the new accounting standard (FSR 17) recommendation of using AA rated corporate bond yields, rather than 15 year...
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