Spreads on Europe's high-yield bonds get closer to U.S. figures

08/5/2010 | Bloomberg

Yield spreads on Europe's high-yield bonds are narrowing faster than those for their U.S. counterparts. The risk premium that investors demand to hold speculative-grade corporate debt issued by European companies has fallen to 656 basis points, while the spread on U.S. high-yield bonds is 649 basis points, according to Bank of America Merrill Lynch.

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