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...Additional reporting by Joshua Franklin and Jennifer Hughes in New York...
...public bond and loan markets....
...Yields on Treasury bonds rose sharply on Thursday afternoon, after a particularly poor auction for 30-year bonds. The 30-year yield rose by 0.12 percentage points to 4.78 per cent....
...With about 40 per cent of its assets in fixed-income funds, Franklin could benefit from the peak-rates wave of money coming back into bonds....
...Raghavan’s role in the deal — the largest-ever convertible bond deal at the time — earned him the nickname “convertible bond king”....
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
...Both ETFs will invest at least 80 per cent of their assets in municipal securities. Those ETFs will carry a 28-bp expense ratio. The manager also launched the Corporate Bond and Core Plus Bond ETFs....
...Most of the hedge funds said we’ll give the money back to Citi that you mistakenly transferred to us. But some of the hedge funds said, actually, we’re going to keep about $500mn....
...BofA is nursing more than $100bn of paper losses on bonds purchased in the lead up to the Federal Reserve raising rates....
...Over the next few years, we expect US stocks to deliver marginally higher returns than bonds or cash.”...
...The bond market has taken no prisoners....
...The gains for bonds issued in international markets by local government financing vehicles — investment entities that raise debt to fund spending on infrastructure and other projects — reflect Chinese financial...
...So that’s a real disadvantage to an active ETF,” says Johnson of Franklin Templeton....
...Two years ago Franklin Templeton launched a tokenised fund but had attracted only $360mn in assets by the end of March....
...fund....
...Bond manager Pimco will be participating in the deal by purchasing some GreenSky assets, while Canada’s largest pension fund CPP Investments will provide financing to the deal....
...The company plans to refashion its $553mn Core Plus Fixed Income Portfolio as the Eaton Vance Total Return Bond ETF and its $188mn Short Duration Municipal Income Portfolio as the Eaton Vance Short Duration...
...In 2012 and 2013, Goldman arranged three bond sales for 1MDB, raising $6.5bn, much of which was ultimately stolen, and received $600mn in fees — a sum Malaysia has said was excessive....
...Executives at money manager BlackRock expect more savers will move cash out of bank deposits and into money market mutual funds and bonds once they are convinced the Fed has stopped raising rates....
...In that capacity, he is responsible for $1.7tn in investor assets, in just about every form of fixed income, from municipal bonds to private credit....
...US regulators on Wednesday voted to require more Treasury bond trades to be cleared centrally, a landmark reform aimed at bolstering the resilience of one of the world’s most important financial markets....
...Franklin Templeton, the asset manager, tried to underline its newfound crypto credentials by turning the eyes of Founding Father Benjamin Franklin in its logo into red lasers on social media — aping a popular...
...Vanguard has no immediate plans to add spot bitcoin exchange traded funds to its platforms, the company said, even as trading volumes ramped up on rival platforms....
...But municipal governments built up massive “Rainy Day” funds after Covid-19 hit, and still have a “very substantial fiscal cushion,” says GS....
...Hedge funds and asset managers rerouted trades because of the disruption and the attack had some effect on Treasury market liquidity, according to trading sources....
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