Bonds

Star bond fund manager Richard Hodges has warned the UK is likely to lose its coveted AAA-rating next year as the ongoing crisis takes its toll.

UK government bonds are hugely expensive but 10-year yields may yet move down towards 1.5%, according to Henderson's head of retail fixed income John Pattullo.

Kames Capital's David Roberts has added "disaster insurance" to the £510m Strategic Bond fund on doubts the markets will be able to function smoothly over the summer.

BlackRock has promoted Ben Edwards to co-manage its Corporate Bond fund alongside Simon Blundell.

Standard & Poor's has said a ‘perfect storm' may be brewing in corporate credit markets if a global economic downturn combines with credit rationing to thwart corporations' $46trn refinancing needs.

'Full scale panic' is once again returning to markets following the Greek election, with safe haven bond yields - including gilts - likely to continue setting new record lows, said M&G's Ben Lord.

ON BONDS

Jupiter has launched a Dynamic Bond fund for strategic bond manager Ariel Bezalel.

Yields on German government bonds have fallen to a new record low amid weaker than expected jobs data from the US.

Schroders has bolstered its fixed income team with the appointment of four emerging market debt managers.