Bonds

Aviva Investors' Andrew Lake is set to join Mirabaud Asset Management in the new year.

Shares in Standard & Poor's parent group McGraw-Hill have slumped after an Australian court ruled S&P's AAA ratings misled investors during the financial crisis.

In the latest Big Debate, our panelists from Legg Mason and Rathbone Unit Trust Management discussed Fixed Income.

John Bellows, an investment strategy analyst at Legg Mason's fixed income subsidiary Western Asset Management, explains why fiscal policy is holding back corporate confidence in the US, and discusses the impact of the fiscal cliff on bond markets.

Fund managers have raised cash levels in their equity and bond portfolios to levels last seen at the height of the Lehmans crisis as valuations in risk assets hit extremes.

GILTS

Fidelity's Ian Spreadbury has snapped up some Italian and Spanish sovereign debt, as well as corporates in both regions, to provide his funds with some extra yield.

M&G Bond Vigilante Anthony Doyle presents five charts, each "more scary than the last".

ON BONDS

Equity fund flows surged to €1.91bn in September, the first positive monthly figure since February, Morningstar's latest European fund flows data has shown.