Financial Times FT.com

M&A

Appetite for bonds surprises bankers

By Jennifer Hughes in London and Nicole Bullock in New York

Published: June 25 2009 19:04 | Last updated: June 25 2009 19:04

Bankers freely admit that nobody quite saw these bond markets coming.

From being virtually shut last year, global investment-grade bond issuance in some markets has beaten previous full-year records and even the riskier high-yield market has begun to open.

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