German bond-yields hitting all-time lows while the cost of insuring against debt defaults is at record levels. Simon Ballard, global credit strategist at Royal Bank of Canada, explains to Richard Milne, capital markets editor, that this reflects prevailing risk aversion and growth worries rather than fundamentals, and means companies will find it ever more difficult to source funds.
Produced by Darryl Thomson. Filmed by Rod Fitzgerald and Marc Taylor.
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