Bonds

The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.

Schroders is preparing to launch a global bond product for Bob Jolly, the firm's head of global macro.

Graham Glass has joined City Financial to spearhead the group's fixed income operations, as the firm looks to build up its product range in this area.

Mirabaud Asset Management's head of convertible bond management, Renaud Martin, outlines a guide to navigating an interesting area of the bond market which has historically been little understood by investors.

Aberdeen Asset Management is to introduce hedged share classes on two of its bond funds in a move to reduce currency volatility.

Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.

Sanlam Private Investments' (SPI) head of fixed income Craig Veysey has bought back into the gilt market, viewing the UK downgrade as a ‘short term' opportunity to add exposure to the asset class.

Old Mutual Global Investors' Stewart Cowley has predicted sterling could fall substantially from here versus the dollar as a result of the UK's credit rating downgrade.

Jim Leaviss, head of retail fixed income at M&G, said the UK is facing the prospect of a US-style fiscal cliff within the next five years.

Yields on UK government debt were climbing early this morning following Moody's decision to downgrade the UK's credit rating to Aa1, but equity investors shrugged off the news to send markets higher.