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Corporate bond valuations are high globally

Corporate bond valuations are high globally

Overview of the BIS Quarterly Review, December 2019 - Easing trade tensions lift sentiment. An easing of US-China trade tensions in October triggered a risk-on phase in global financial markets. In September, risky asset prices across the globe stayed rangebound, supported by additional monetary accommodation in a context of subdued prospects for global activity. As sentiment shifted, stocks posted large gains in most markets but China, and cr...

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