Ignis' Chris Bowie has offloaded £200m of Santander debt on concerns over the impact of the sovereign debt crisis on the banking giant.
Government bond yields across peripheral Europe dropped sharply yesterday as the ECB kept open its bank emergency liquidity measures until at least the end of the first quarter of 2011.
It has been easy to make double-digit returns in the bond market over the past year, said Aegon's David Roberts, but managers will face a challenge if further QE causes inflation to rise.
In the latest Conjecture debate, our panelists from Legg Mason, Standard & Poor's and Rathbones Unit Trust Management discussed Corporate Bonds.
Jupiter Absolute Return fund manager Philip Gibbs has built up large short positions in US and German sovereign debt.
BlackRock's Daniel McKernan has joined Scottish Widows Investment Partnership (Swip) as head of European and UK credit within the fixed income team.
Many investment advisers tell their clients lending to governments is one of the safest things you can do.