Seth Bernstein, the CEO of US$622 billion AUM asset manager AllianceBernstein, has opened the Fixed Income Leaders’ Summit US today, with an analysis of the challenges facing bond investment management and the changes necessary to overcome those challenges. Source: TheDesk “I am one of those people that does believe the diversifying role of fixed income…
Bond buyers and sellers are warning that a recent proliferation of fintech platforms seeking to modernize debt sales around the world risks backfiring, making it more difficult to price deals. Source: Bloomberg The concerns follow a flurry of new technologies from New York to Hong Kong trying to drag the process of placing bonds into…
BENGALURU (Reuters) – Major sovereign bond yields, guided by central banks, will stay low despite soaring global debt levels and investors looking beyond fixed income securities for better returns, a Reuters poll found. Source: Reuters Following a November stocks rally, investors moved into risky assets, helping sovereign bond yields stay off March life-time lows as…
“New highs” have different meanings for the stock and bond markets. New highs in equities are cheered universally, with big numbers such as Dow 30,000 celebrated by investors sitting on presumably big gains. For bonds, new highs in prices translate into new lows in yields, given that the two quantities move inversely. Source: Barron’s On…
Investors are buying up debt of everything from Brazilian airlines to Indian ports, hastened by a hunt for yield and default levels among emerging market companies below that of U.S. peers. Source: The Guardian In a sign of the sector’s growing appeal, year-to-date flows into emerging bonds have turned positive for the first time in…
Divergence between European and U.S. monetary policy is boosting the attractiveness of euro corporate credit amid continued coronavirus upheavals, according to BNP Paribas SA. Source: Bloomberg “There is less downside in European credit because it has much more robust support,” Viktor Hjort, the bank’s global head of credit strategy, said in an interview. “The ECB…
Russell Investments’ latest survey of fixed income managers found 50% expect the global economy to revert to pre-pandemic levels by year-end 2021, while 48% don’t expect it to revert before 2022. The 64 bond and currency managers who responded to the firm’s Q4 survey also indicate more appetite for riskier assets. The percentage selecting investment-grade…
Last week’s public spat between Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell may have set an end date for the central bank’s unprecedented intervention in U.S. credit markets. But make no mistake, the legacy of this episode will most likely permanently change investors’ mindset during periods of crisis. Source: BNN Bloomberg In particular, the Fed’s swift…
Greater Toronto Airports Authority is monitoring bond market conditions as its most recent debt deal outperforms the wider Canadian dollar corporate bond market. GTAA’s C$500 million ($382 million) of secured bonds due 2028 were quoted Friday at a spread of around 88 basis points over similar-duration government securities, or around 21 basis points tighter than where they were…
Deutsche Bank AG has seen a surge in trading across Wall Street since the U.S. election and news of a possible coronavirus vaccine, sustaining a rally that boosted third-quarter revenue across top investment banks. “The past couple of days since Pfizer’s groundbreaking announcement and what we all hope will be an inflection point in this pandemic, the street has…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
