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Royal London Asset Management will increase its weighting in credit by up to 3%--or £140 million--if spreads on high-beta bonds widen out by another 10 to 20 basis points, which the manager thinks is likely in the coming months.
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Gartmore Separate Accounts is likely to cut corporate exposure by another 5% to bring its credit weighting to 40% of its $150 million investment-grade portfolio.
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Moody's Investors Service is likely to give Ford Motor Co. and General Motors until this fall to demonstrate credit improvement, said Bruce Clark, senior v.p. and senior auto analyst.
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Nail biting and cold sweats subsided last week as the secondary loan market bounced back to levels closer to comfort for market players.
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Pension investors are increasingly considering interest-rate derivatives to manage duration in fixed-income portfolios, a development that could weaken the bid for long Treasuries.
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Bobby Knight, head coach for men's basketball at Texas Tech and the longtime coach at Indiana University, gave the keynote luncheon address on Tuesday (Carl Icahn gave last year's).
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State Street Global Markets plans to launch what appears to be the first fixed-income flows index.
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Short TIPS could enjoy an unusual boost in demand in the next two weeks due to rising inflation.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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The U.K. Debt Management Office, the borrowing arm of the U.K. Treasury, is readying an ultra-long-dated index-linked gilt.
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Maxxis International (Thailand) is close to mandating an arranger group for a $60m seven year facility. Parent company Cheng Shin Rubber Industry is providing a guarantee.