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...The 2008 crisis response, with its aggressive bond-buying and money-printing, prompted predictions of hyperinflation....
...(Ethan Wu) A reply to Uber’s Dara Khosrowshahi Regular readers will recall that I recently wrote several disapproving things about Uber’s buyback plan....
...Still, Zambia’s president called the lengthy process an “indictment” of the so-called common framework that G-20 countries had hoped would expedite sovereign-debt restructurings....
...It’s a seasonal tradition for M&G’s Bond Vigilantes blog to share its Halloween round-up of the scariest charts in finance....
...If this is the case, then the increase in r is not such bad news, as it comes with an increase in g....
...M&G Investments’ annual bond forum in London earlier this year featured an unusual presence on the stage: a large colourful statue of an elephant....
...(The FT has reported before about the Twitter board being sued a few years back for settling quickly with Elliott, a deal that included a convertible bond offering to private equity group Silver Lake that...
...L&G declined to comment....
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...fixed income at M&G Investments....
...A trailing dividend yield of 8 per cent for L&G is in line with peers Aviva and Phoenix. Investors worry about asset quality in bond and real estate portfolios....
...Uber chief executive Dara Khosrowshahi has received options to buy stock worth about $136mn after hitting a performance target to secure a $120bn valuation for the ride-hailing company....
...In its full-year results, M&G reported a 28 per cent rise in pre-tax adjusted operating profit in 2023, to £797mn, beating analysts’ expectations....
...Investment trusts’ performance has suffered due to inflation cutting into returns and high interest rates encouraging investors to pour money into government bonds....
...To be fair to Kenny G, his position is more nuanced than this quote would suggest (even if we think there’s an element of Rorschach’s “you’re locked in here with me” vibe here)....
...“They are trying to support the currency while not being seen as tightening,” said Eva Sun-Wai, fund manager at M&G Investments....
...“The US is running a budget deficit of 7 per cent — for [a] non recessionary period that’s very high,” said Jim Leaviss, fund manager at M&G, the asset manager....
...Expectations are rising that Japan’s central bank will relax its grip on the bond market this week as the yen tests a 33-year low and government bond yields touch the highest levels in a decade....
...“A wall of worry is hitting the bond market and the latest trigger is the oil price,” said Jim Leaviss, a fund manager at M&G Investments....
...Turkish dollar bonds soar Turkey’s US dollar bonds roared higher in 2023, posting the biggest gains of any top constituent of the leading emerging markets fixed income index as investors cheered signs that...
...In 2022, the dire performance of largely low- or zero-dividend stocks provided a boost for investors like Stuart Rhodes, who manages the M&G Global Dividend Fund....
...“Investors have always worried about government debt and it’s never been a problem, but this time it feels like it’s for real,” said Jim Leaviss, chief investment officer of public fixed income at M&G Investments...
...That exemption is subject to the following conditions: (1) the issuer of the relevant debt securities (e.g. CS’s bail-in-bonds) and the new equity securities (e.g....
...Ecuador’s sovereign bonds yield about 22 per cent, while the new bond, which will run until 2041, has a 5.6 per cent coupon. There is a seven-year grace period on principal repayments....
...It has a catch-all Vanguard Global Bond Index GBP Hedged fund or there’s the more expensive actively managed M&G Global Macro Bond Fund instead....
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