Global bond issuance slumped in the first nine months of 2008, with global structured finance dropping 80%, according to Dealogic. Some debt markets wavered between indications of recovery and renewed challenges as the credit crisis continues. The situation seems to be worsening as more banks fail and fears of systemic troubles increase. Sovereign, supranational and agency debt has been the one growth area as investors abandon risk assets and make a flight to quality.
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