European Primary Market Remains Quiet

September 8, 2008

The August pipeline remained quiet, but market sources said that there is some indication that investors are looking to put money to work. The problem is that, at the current spreads, it is unlikely that issuers will be tempted to veer away from the now-routine securitization and repo format that has accounted for over 90% of the issuance seen so far this year.

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