The debate over ultra-long credit

focus: 50-year bonds

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In the red corner, Suki Mann argues that despite the weak performance of the first 50-year corporate bond, there are good reasons to issue and buy longer-dated assets

At the time of writing, the development of a 50-year corporate bond market seems to be just about the worst idea the fledgling euro-denominated market has come up with. The credit market has given back three to four months of continual tightening in just three weeks as the tremendous rally has come

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