Corporate Bond Yields Hit Record Low in Europe After Brexit Vote
- Average yields on investment-grade euro notes drop to 0.9285%
- Low borrowing costs draw companies after issuance freeze
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European companies have a lot to thank Mario Draghi for.
It’s never been so cheap to borrow in euros, even after markets were whipsawed by Britain’s decision to exit the European Union. The average yield on investment-grade corporate bonds in euros dropped to 0.9285 percent on Wednesday, the lowest in Bank of America Merrill Lynch index data going back to 1998.