Bull and bear fights provide uncertainty in tense bond market

The corporate and government bond markets remain unsettled, with uncertainty the dominating sentimen...

The corporate and government bond markets remain unsettled, with uncertainty the dominating sentiment as the bulls and bears battle for supremacy. The benchmark 10-year gilt is pushed in one direction by risk-averse investors buying the security of a sovereign guarantee, then pushed in the other by anyone who worries the UK's top-heavy finances threaten the nation's credit rating. Default risk remains the preoccupation of corporate bond investors and if the price of some issues is anything to go by, it seems people are anticipating things to worsen to a Great Depression level of corporate f...