Euro Bonds on the Rise.

The market for bonds denominated in the new currency of 11 European nations (the Euro) has taken off. Last year, bonds issued by companies in the eleven nations of the European Monetary Union were worth $52 billion. This year, those same companies already have issued approximately $130 billion in Euro-denominated bonds. Analysts predict that the Euro market will equal the size of the American bond market in five years. In terms of impact, the increase in Eurobond issuance 1) gives investors a more prominent and transparent investment as an alternative to U.S...