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The Daily Capital Markets Digest
US corporate bond issuance was subdued for a second straight day on Tuesday, as the previous session’s rally in stocks ran out of steam due to concerns about global growth.
Caribbean and South Pacific-focused cell phone provider Digicel abandoned plans to raise about US$2bn in an NYSE IPO late Tuesday, opting not to cut the price to lure reluctant investors.
JP Morgan, Citibank and Credit Suisse have set up new online portals that allow their clients to trade mortgage bonds without having to involve any capital of their own.
Bank of America Merrill Lynch has turned bullish on US investment-grade corporate bonds, arguing the asset class will outperform other risky assets because concerns that the Federal Reserve would hike interest rates had diminished after the release of weak jobs data last Friday.
Editor-at-large Keith Mullin says there is still much more to do.
Anthony Peters on the mindless chase up and down.
James Saft on the words which tend to prompt the Fed into action.
President Park Geun Hye is running out of time to make big changes.
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