Pimco's Mike Amey believes Chancellor George Osborne must stick to his reduction plans outlined in the Budget despite fears the cuts could derail UK growth.
RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.
Pimco, the manager of the world's largest bond fund, has been selling down treasuries as it expects a second round of debt purchases by the Federal Reserve to have limited impact.
International investors are buying record amounts of gilts on expectations of further Bank of England quantitative easing.
Newton's Paul Brain is to run a new offshore global bond fund for BNY Mellon Asset Management based on his flagship onshore fixed income product.
Investors expect Moody's to cut its Aaa credit rating on Spanish debt by up to two levels after a three-month review it announced in June ends tomorrow.