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Brexit seems increasingly unlikely to corporate-debt investors

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Sterling has risen against the dollar and the euro over the past two weeks, aided by opinion polls suggesting a lead for the campaign to remain in the EU.

London

THE corporate-bond market is signalling that investors expect UK voters to reject leaving the European Union (EU).

Growing confidence that the nation will avoid a Brexit, and the resulting economic uncertainty, means investors are accepting narrower premiums to hold debt...

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