The co-head of credit at Investec Asset Management says double-B companies may struggle if economic growth stalls after governments pull the plug on their stimulus measures.
Investors shift allocations to US dollar products as euro sinks.
The Spanish government has made plans for austerity measures based on growth forecasts that far outpace those of the IMF and EU.
With inflation continuing to trend higher than the Bank of England’s target rate, index-linked gilts are growing increasingly attractive to investors.
Barclays Capital economist says Spain and Portugal should look to replicate Italian government in tapping retail investors for future bond deals.
If the €110 billion International Monetary Fund-Eurozone bailout fails and Greece is forced to dump the euro, legal experts say there would be no easy way out of its euro-denominated debts.