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Central bankers' bank warns of danger of bonds to markets

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Traders work on the floor of the New York Stock Exchange (NYSE)

Traders work on the floor of the New York Stock Exchange (NYSE)

Traders work on the floor of the New York Stock Exchange (NYSE)

A SURGE in the supply of corporate debt in the riskiest investment-grade category may leave markets vulnerable to a rout if economic weakness triggers bouts of rating downgrades, according to the Bank for International Settlements.

The BIS is the central bankers' central bank and provides policy advice as well as acting as a forum for them.


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