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Boye: VW bond yields accelerate as emissions scandal widens
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The Volkswagen emissions scandal has sent investors running not just from VW shares, but also its corporate bonds, says Saxo Bank’s Michael Boye.
He says yields on VW bonds are soaring as investors worry that the company might face a downgrade as the crisis involving manipulation of emissions tests from VW diesel cars escalates. Boye also looks at the impact the scandal may have on the $10 trillion global corporate bond market and ways investors can protect themselves from events like these.