US

Now predicts two quarter point rises

Fixed interest allocation hurt returns

Investors have been complaining about the lack of volatility for some time now. Perhaps given the bumpy start to 2016, a few are feeling they should have been more careful what they wished for, writes Investec AM's Alastair Mundy.

We poor humble journalist types constantly struggle to explain complex stuff, but, every once in a while, someone or something comes along which brilliantly captures the inane opacity of global finance in a simple thought.

The structural forces of ageing populations, increasing debt levels, the abundance of capital and competition, and a move to protectionism by many countries creates a backdrop of low growth.

The US high yield market spread, measured by the option-adjusted spread on the Bank of America/Merrill Lynch US HY Master II index, has been on a rising trend since the end of 2014. As at the end of January 2016, it sat at around 770 basis points, which...

Media sell-off

Time to become less bullish, says manager

Rising rates also a boost

Lombard Odier IM's Kevin Corrigan explores opportunities in the 'crossover' credit zone - a lesser-loved group of corporate bonds rated BBB and BB - which sit either side of the divide between investment grade and high yield bonds.