Bonds

ON BONDS

Kames Capital's Phil Milburn and Melanie Mitchell are poised to add to European holdings in their High Yield Bond fund but are waiting for two specific catalysts before taking the plunge.

Kames Capital's bond star Phil Milburn has revealed the onshore High Yield Bond fund he runs with Melanie Mitchell will be capped when it reaches £2bn.

Fidelity's Ian Spreadbury has said he is short German interest rate risk in the view that the eventual move towards a 'eurobond' solution will cause yields to rise.

Spanish and Italian bond yields have continued to race ahead following the European Union's bailout of the troubled economy's banking system.

Tatjana Greil Castro, fixed income portfolio manager at Muzinich & Co, examines which asset class is most attractive in the current market.

The yield on Spanish government debt is racing higher this afternoon despite the move by the European authorities to spend €100bn bailing out the country's banking system.

This year is turning into a repeat of 2011, according to JPM's Nick Gartside, who said the absence of a strong trend has led to another year characterised by swings between good and bad days.

Europe's major markets climbed on the first day of trading after Spain was granted a €100bn bailout for its banking sector over the weekend.

The single currency strengthened against the dollar today as Spain was granted a €100bn EU and IMF bailout to prop up its banking sector.