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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory

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From: zebra4o1	5/31/2005 7:57:30 PM
	of 361

Growing risk aversion is slowing down new bond issues. Who is losing fee revenue? Moody's? Supply of new bonds drying up By Ivar Simensen Published: May 31 2005 21:09 \| Last updated: May 31 2005 21:09 The supply of new European corporate bond issues more than halved in May compared with the same period last year as borrowers were pushed to the sidelines amid the sharp volatility in the secondary market. .......... Meanwhile, for the origination and syndicate desks at the leading investment banks in Europe, the lack of fee-generating new issues looks set to make 2005 an even leaner year than 2004. news.ft.com

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