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Posted AT 9:56 PM EST on 28/03/08

Credit market ‘recovers its poise’

BOYD ERMAN

Globe and Mail Update

Corporate credit markets have staged their biggest rally this year in the two weeks since the bailout of Bear Stearns Cos. Inc., easing the pressure on the global financial system and economy. Over the past two weeks, many global indicators show that fears are receding in the bond market. The cost of buying insurance against corporate bond defaults has fallen, the panicked flight to U.S.

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