The price of UK 10-year government bonds stayed higher after the country's growth forecast for the year was slashed from 2.1% to 1.7% in George Osborne's Budget.

Greek government bonds yielding 15% are now ‘tempting' as the chances of the country being forced into a restructure over the next couple of years has been reduced, says Chris Iggo at Axa Investment Managers.

The pound reached a 14-month high today while gilts fell, after data revealed UK inflation soared to 4.4% in February.

M&G has appointed James Tomlins from Cazenove Capital Management to join its fixed income team on 20 June.

UK annual inflation is set to hit 4.2% for February, more than double the Bank of England's target, forecast economists in an IFS report.

Gary Chan has joined Axa Investment Managers as a portfolio manager within Julian Thompson's Axa Framlington emerging markets team.

Schroders is merging its underperforming £54.1m European fund with its £261.3m Institutional European portfolio.

Investors in Japan should look beyond the short-term impact of the crisis as the country will recover quickly due to its large foreign reserves, says Mark Mobius.

Global markets have been boosted by news of a ceasefire in Libya, rising oil prices and intervention by the G7 nations to suppress the value of the yen.

The Japanese authorities must stop the yen from strengthening, as exports are the country's only hope for significant growth, says Jim O'Neill.