Bond fund managers have warned they are concerned about the quality and risks of some debt coming to market after a record 12 high-yield bonds were issued last week.
Dometic and Ideal Standard were two of the groups that issued bonds, both of which were CCC-rated. Cazenove’s Peter Harvey, manager of the £630m Strategic Bond fund, says he has never seen such a high...
The US dollar is close to peaking and the risks now seem to be on the downside.
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