Bonds cushion pension deficit

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US - Large US pension plans fell into deficit by a further US$10bn during the second quarter of 2008 bringing the half-year total loss on assets and liabilities to over $80 billion, analysis by Mercer has revealed.

Mercer said without an increase in high-quality corporate bond yields, which are used by most companies to measure the value of plan liabilities, the losses would have been worse. Adrian Hartsho...

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