Sales of corporate bonds decline as investors remain wary

05/23/2010 | Bloomberg

Authorities' response to the sovereign-debt crisis in Europe has failed to improve investor confidence, prompting companies to pull back from issuing debt. Corporations have issued $47 billion in bonds this month, the least since December 1999, according to Bloomberg data. The market turmoil has also pushed up the London Interbank Offered Rate, which hit 0.497% on Friday, the highest level since July 24.

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