(Bloomberg) -- Sales of Australian corporate bonds
in June have fallen to the lowest this year as investors shun
risky assets, according to Standard & Poor's.
The ratings company's figures show corporate debt issuance
slowed to A$2.5 billion ($2.1 billion) in June compared with
average monthly sales of A$5.6 billion this year. Sales this
month are less than a quarter of February's total amid concerns
that hedge-fund losses in the U.S. subprime mortgage market will
snowball and impact the creditworthiness of other borrowers.
Read more at Bloomberg Bonds News
in June have fallen to the lowest this year as investors shun
risky assets, according to Standard & Poor's.
The ratings company's figures show corporate debt issuance
slowed to A$2.5 billion ($2.1 billion) in June compared with
average monthly sales of A$5.6 billion this year. Sales this
month are less than a quarter of February's total amid concerns
that hedge-fund losses in the U.S. subprime mortgage market will
snowball and impact the creditworthiness of other borrowers.
Read more at Bloomberg Bonds News
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