Investment-grade bond sales drop 90% as many await word on Greece

02/11/2010 | Bloomberg

Bond investors are avoiding even the safest debt risk as they await action from the EU on Greece's debt crisis. Returns of high-yield bonds have gone negative, and sales of investment-grade bonds for the week are down 90%. The U.S. and Europe saw $3.94 billion in sales of high-quality securities this week, about 90% below average, according to data from Bloomberg.

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