UK - Today's auction of inflation-linked British bonds garnered the lowest demand since October 2008 as analysts said the government's planned changes to pension indexing created uncertainty for fund managers.
The Debt Management Office sold £1.2bn (US$1.8bn) of 1.875% inflation-protected bonds maturing in 2022 at a yield of 0.947%, up from the rate of 0.765% at a similar sale on May 13. Investors bid for 1.76...
The global economy has rebounded from the lows reached in March and April but momentum has waned as rising cases of COVID-19 have forced some regions to once again restrict activity. Jim Cielinski, Global Head of Fixed Income at Janus Henderson Investors, discusses whether credit markets can remain immune to the economic fragility.
As governments across the world seek to rebuild their shattered economies, they have announced significant spending plans to generate growth.
Global exchange-traded products (ETPs) have recorded their strongest month for inflows in 2020 as $71.5bn was added to the market, with fixed income buoying the industry providing $46.7bn of the total, according to iShares.
A small amendment to the pension schemes bill on 8 June has been labelled ‘significant’ in meeting criticism of the pensions dashboard but has sparked confusion over whether it could confirm a ‘water-tight’ commitment to run a single dashboard.