Bonds

Following UBS takeover

'Hard to draw clear conclusions'

BofA Global Fund Manager survey

Some opting for 'better' European options

'Everybody hated the asset class'

Valuation and uncertainty struggle

Just over one third of advisers would recommend onshore bonds

Tier 2 capital

High-yield investors face a challenging backdrop, but attractive opportunities are starting to emerge amid the ongoing uncertainty, says Wellington Management’s Konstantin Leidman.

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.