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Supply has been further helped by the ECB's corporatepurchase programme, which started last June, spurring demand for paper and bringing coupons to all-time lows.
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Also, we've bought many things from Prometheus, corporatepurchases mostly, though not much since Luke died.
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They have grown in annual terms for 22 consecutive months, mostly led by corporatepurchases, he said.
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The readout from INSEE coincided with less glowing results from the PMI index, a monthly survey of corporatepurchasing managers.
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Windows 7 was a strong earner for the company, and an uptick in corporatepurchases bodes well for the enterprise software arena.
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The surveys of corporatepurchasing managers, conducted by NTC Research, showed rebounds in France and Italy and further gains in a resurgent Germany.
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Other methods include corporate discounting of bank acceptance bills, as well as corporatepurchases of trust products, which are usually backed by high-interest corporate loans.