Companies Stop Selling Bonds as Costs Jump by 40%: Euro Credit

“Company bond sales have ground to a halt in Europe, with August poised to end without a single offering as the sovereign debt crisis drives borrowing costs up by 40 percent.

“When spreads are moving so quickly, it’s very difficult to see clearly how to price new issues,” said Olivier Casanova, the head of financing and treasury at PSA Peugeot Citroen in Paris, which last sold bonds in euros on June 15. “Conditions are very volatile.””

  • Other news, headlines and opinion:



European Banks Criticized Over Greek Writedowns and Regulator stokes fears over European bank capital

Japan public fund’s assets drop sharply in April-June

Bank of Italy warns weak growth could hit debt plan

ECB spent $9.6 billion last week on govt bonds

United States Postal Service Hopes for Federal Help as Debt Grows

Central Falls receiver cutting pensions further

Back to school blues: 800 workers to get pink slips on first day

Report says nation lost 2,000 mortgage jobs so far this year

New cuts to health services for the poor take hold in October (NC)

European Economic Confidence Falls Most Since December 2008

Trichet says growth in Eurozone could be weaker than expected

Canadians carrying debt longer than expected: poll

Revised Canterbury quake bill exhausts disaster fund (NZ)

Wealthy Use Auctions to Sell U.S. Mansions as Homes Languish on the Market

Disruptions to Food Supply to ‘Ratchet Up Prices,’ Olam’s Verghese Says

Noda Faces Short Honeymoon in Drive to Increase Taxes After Succeeding Kan (Japan)

China Faces Dwindling Labor Supply

Fed’s Evans favors strong policy accommodation

Italy struggles through first debt sale since ECB buying (Video)

Gerald Celente – I’m Now 100% In Gold, Roubini is Wrong