BIS Quarterly Review, June 2005

The Bank for International Settlements published its June 2005 Quarterly Review on Monday 13 June. Corporate bond markets have suffered their worst sell-off since 2002, but overall financing conditions remain favourable, according to the survey.

Credit spreads widened significantly between March and May, but borrowing costs for longer term debt have stayed close to their historic lows, the Bank for International Settlements said in its quarterly review.

"The widening of credit spreads between mid

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