By John Sherman, global head of fixed interest at Henderson Global Investors Equity markets worl...
By John Sherman, global head of fixed interest at Henderson Global Investors Equity markets worldwide plummeted in July as persistent concerns about the transparency of accounting practises and the reliability of corporate earnings were compounded by fears the global economic recovery would be weaker than previously thought. Inevitably, government bond markets rallied sharply, but corporate bond spreads widened across the board and the new issuance market virtually closed to all but the most dependable companies. The US economy and, by extension, the global economy, will contin...
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