Investors are beginning to move back into riskier corporate debt as the U.S. recovery grows strength. Analysts believe that the new low indicates investors have grown accustomed to the Eurozone crisis and potential Greek default.
“I think a level of complacency has certainly become part of the market’s psyche,” Adrian Miller, senior vice president for global markets strategy at GMP Securities, said in the report. “The question is, while the risk [of]a Greek default has been materially reduced over the past two months, is the risk really gone?”
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Max Chen contributed to this article.