Global corporate bond sales on pace for slowest February since 2008

02/27/2013 | Bloomberg

An uncertain outlook in Europe and expectations of rising interest rates are putting a damper on corporate bond sales in February. Indications are this month will be the slowest February since 2008 globally, with European companies in particular holding on to cash hoards amid projections of another year of contraction. Overall, "economic conditions don't warrant necessarily any significant increases in funding," said Kevin Flanagan, chief fixed-income strategist at Morgan Stanley Smith Barney.

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