‘Hybrid’ debt was hard hit in 2022 but has rebounded strongly as interest rates start to come down
Head of $1.3tn asset manager says complex forms of debt could ‘accelerate things on the downside’
Savers with environmental and other ethical concerns now have plenty of options to vote with their money
An overdue push to reshape markets, not just individual companies, is under way at last
Current rules hem the chancellor in — this Budget can make a start on ways to attract and measure investment
Markets on edge ahead of overhaul of fiscal rules that could result in tens of billions of pounds of extra borrowing capacity
Company backed by investors including Clayton, Dubilier & Rice and Hellman & Friedman prepares €4.4bn dividend
Investors strongly back Ankara’s plans to switch short-term debt for longer-term notes
Recapping and backslapping
Manager has cancelled plans to convert investment-grade credit fund and will opt for a corporate bond fund instead
Long-term debt and political concerns might lead to more volatility but this is outweighed by the unique financial status of the US
Also in today’s newsletter, pension and insurance funds make headway on financed emissions
Ankara hires banks for ‘switch tender’ deal to exchange short-debt for longer-term note
CD players
The country’s ad regulator found the French oil company’s sustainability claims ‘misleading’ in a first of its kind ruling
Gap between two countries’ 10-year bond yields falls to lowest level since 2008
Skating on thin ice
A trend long associated with equity investing is now playing out in the bond markets
Spanish Treasury warns that shocks such as droughts or hurricanes could accelerate debt crises
Bank of England’s credibility under fire from Chicago in battle with New York
Legal battle over how UK-based bank pays its dividend
A balanced portfolio has the best chance of preserving the long-term value of pension savings against price rise shocks
Believers in predictive power of so-called inversion in bond markets still think it augurs downturn
Local currency bonds have lagged this year but Fed’s move is expected to ease pressure on developing nations
Analysts have long predicted some $6tn held in US money market funds might move into riskier assets like equities
