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Company Bonds Rally Most in Two Months on Greece

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CREDIT RALLY CONTINUES APACE
"Corporate bonds are rallying the most since the beginning of the year as Greece successfully raised 5 billion euros ($6.8 billion) in a sale of 10-year bonds and European policy makers pledged to keep interest rates low," according to Bloomberg. "Elsewhere in credit markets, HSBC Holdings Plc raised A$1.5 billion ($1.35 billion) in its first sale of Kangaroo notes, and Teco Energy Inc., the parent of the electricity provider serving west-central Florida, led issuers selling the most utility debt in six weeks."
SOURCE:   Bloomberg

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