, Columnist
The ECB Leaves Companies Staring Into the Void
September normally means good times for European corporate bonds. Not this year.
September won’t be quite this bad.
Image: AFP/Getty Images
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September in the European corporate debt market is often a time of much rejoicing. The dearth of activity in August is replaced by a flood of issuance, tightening spreads, and a general feeling that bonds are back.
Not this time. This August has been particularly miserable, and almost all of the factors that made it that way have every reason to continue.