At an index level things look very loose, but under the surface it’s more of a ‘mixed bag’
Traders backing short-dated debt to outperform longer maturities encouraged by prospect of interest rate cuts
In general, the dynamics in developed countries are unlikely to pose any immediate threat to fiscal credibility
Parallel lines
Asset managers no longer boast about environmental, social and governance credentials
Development finance chief says Middle Eastern and Chinese groups are filling the gap
Loss of investment-grade status for utility’s safer debt could increase regulatory scrutiny and flood high yield market with bonds
New chancellor could boost fiscal headroom by excluding impact of Asset Purchase Facility on Treasury debt target
Use of fund-level net asset value loans to pay dividends falls 90% after institutional investors raise concerns
Investors pay the price for flocking to so-called cov-lite leveraged loans with reckless abandon
Also in today’s newsletter, the brewing tensions over a new EU green trade proposal
Pluralsight lender group marked debts at seemingly implausible highs
Geopolitical turmoil, smoke-and-mirrors fiscal planning and quantitative tightening: the risks are many — but now might still be the time to buy UK government bonds
Gap between borrowing costs of most and least risky debt widens as traders fret over impact of high US interest rates
UBS survey also finds reserve managers expect higher US deficit under a Donald Trump presidency
Prabowo Subianto’s brother is confident country can retain investment-grade rating if government boosts tax revenue
Investors face a wide-ranging estimate of losses on loans to Pluralsight after demand for its training videos fell
People’s Bank of China tries to stem rush into sovereign debt amid weakening economy
Repeat of positive market outcome from former president’s first term is certainly possible
UK asset management group hires Andrew Chorlton from Schroders as replacement
Stasis, squabbling and posturing mean results may be more a surprise in style than substance
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
How investors should adjust the traditional 60/40 investment split
Case is part of a flurry of lawsuits over socially conscious investment decisions
Electoral upheaval and flagging growth are putting spotlight on debt vulnerability
