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Credit-Market Insiders Fret at ‘Apathy’ Before Autumn
European companies have enjoyed a funding lifeline in recent weeks as the region’s credit markets have proven surprisingly robust, but market watchers warn this could quickly unravel unless policy makers deliver on their promises of support for government debt. A range of indicators, including the cost of insuring against a company defaulting on its debt and the pace of new debt issuance, show that the market is having one of its healthiest periods of the year. Helping the sector along, banks and investors are hanging on hopes that the European Central Bank will follow through on its suggestion that it might ... (full story)