Corporate Borrowing Costs Fall to Record in Europe as ECB Buys
This article is for subscribers only.
Company borrowing costs fell to a record in Europe as investors compete with the central bank for limited supply.
Average yields on investment-grade bonds in euros dropped to an all-time low of 0.7 percent on Friday, Bank of America Merrill Lynch index data show. The Markit iTraxx Europe Index of credit-default swaps on investment-grade companies fell one basis point to 67 basis points on Monday, according to data compiled by Bloomberg.