fixed income

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.

Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.

LEHMANS SPECIAL

Nomura's Brett Olson has joined iShares in the newly-created position of head of fixed income for Europe, Middle East and Africa (EMEA).

Bond fund managers who bought into the US dollar-denominated issuance from Verizon have seen an immediate boost to performance after the bargain-basement priced bonds saw values jump and yields come in.

TwentyFour Asset Management is set to launch a Senior Secured Bond fund for Rob Ford later this month, investing in high quality floating rate securities.

Kames Capital's fixed income specialists David Roberts and Philip Milburn are seeing value return to long-dated bonds following the recent spike in bond yields.

The rise in bond yields during May and June has left few parts of the bond market unscathed, and UK bonds were very much part of this move.

Goldman Sachs Asset Management (GSAM)'s fixed income team has been adding to emerging market debt following a sharp sell-off in the asset class, in the view valuations are at attractive levels.

Fidelity Worldwide Investments has launched an income version of Ian Spreadbury's reduced duration bond fund.