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The number of investors who think corporate bonds are overvalued has dropped for the first time in six quarters, according to a new study by the CFA, an association of investment professionals.
However the figure for the third quarter period is still very high at 82% (versus 84% in the second quarter).
The study also recorded a slight reduction in the proportion of investors who think government bonds are overvalued, down to 79% from 82% in the previous quarter.
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