Europe faces worst corporate credit supply shortfall since 2005
The amount of corporate bonds investors can trade in Europe is shrinking for the first time since 2005.
By Tasos Vossos and Alice Gledhill, bloomberg
Despite a rush in deals by high-grade non-financial firms, there's effectively a EUR 21bn (USD 25bn) drop in the investable pool of euro bonds because of calls, buybacks, upcoming redemptions and European Central Bank debt purchases, according to Bloomberg calculations.
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