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Tuesday, 02 September 2014

Market renaissance dethrones would-be debt kings

Uneasy lies the head

The crisis in Europe put top-rated U.S. corporate debt on something of a safe-haven par with sovereign issuers. The return of big buyouts like Heinz and Dell and rising U.S. Treasury yields leave these bondholders vulnerable to big losses. Risk-free is now and forever a myth.



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