Middle-market firm Oclaro was formed by a merger between competitors, and has recently merged again with Opnext, looking for a better balancebetweensupplyanddemand.
Besides altering the balancebetweensupplyanddemand, the influx of insurance company and pension fund money should create more price stability for emerging market bonds.
These are set to ensure a broad balancebetween overall supplyanddemand over the medium term (the next two years or so) thus keeping the economy on a path consistent with price stability.