Treasury

Ben Pakenham, manager of the Aberdeen High Yield Bond fund, takes a closer look behind the headlines at what is happening in the high yield bond sector.

PRIVATE EQUITY

US treasury 10 year yields have climbed past 2% for the first time in nine months, as better than expected data in the US helped bolster risk asset sentiment.

ASSET ALLOCATION

The Bank of England is to hand the Treasury the interest it receives on its QE asset purchases, a move that reduces pressure on Chancellor George Osborne ahead of the Autumn Statement.

CURRENCIES

The Financial Services Authority (FSA) "should and could" have intervened in the Royal Bank of Scotland's (RBS's) ill-fated acquisition of ABN Amro, a damning report by the Treasury Committee concludes.

One could be forgiven for feeling slightly more optimistic about the future of the investment trust sector after a number of key corporate battles in recent months.

PIMCO's Bill Gross, the manager of the world's biggest bond fund, has cut his stake in US Treasuries by 12%, ahead of a crucial meeting by the Fed later when it may announce further quantitative easing.

The Treasury Committee has promised to monitor the benefits to consumers of changes introduced as a result of the Retail Distribution Review (RDR), after the Financial Services Authority (FSA) again said it would be sticking to its year-end implementation...