Financial Times FT.com

Longer-dated bonds reflect optimism

By David Oakley in London

Published: December 1 2009 20:36 | Last updated: December 1 2009 20:36

Governments, banks and corporates are issuing more longer-dated bonds, in a sign of increased confidence among investors on the prospects for the global economy.

The shift towards longer-term bonds is expected to reduce refinancing risks in 2011 and 2012, easing worries that a build-up of maturing debt might make it more difficult for governments and companies to renew loans.

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