EUROPEAN JUNK BONDS INCHED UP
in price overall, paralleling an upside fluctuation in stocks of Europe's bourses. The
higher-yielding securities edged out less-risky investment-grade debt
on the heels of yesterday's statements from Federal Reserve Chief Janet Yellen. The
Fed's intention to commence winding down its $4.5 trillion balance sheet, along with its underpinning of
raised expectations of a December rate hike, set the stage for upside moves in European financials today.
Deutsche Bank AG
shares gained 2.9%,
added 2.2%, while M&A (Mergers & Acquisitions) news sent
up 3.5%, as of
3:40 PM, London time.