European corporate bonds post record first-half returns

06/30/2009 | Bloomberg

After dropping 3.3% last year, investment-grade corporate bonds in Europe returned an average of 6.5%, including reinvested interest, in the first six months of this year, according to Merrill Lynch indexes. Europe's corporate bonds are outperforming government debt and stocks in the region. Data compiled by Bloomberg show companies have sold nearly €700 billion in new bonds in Europe this year.

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