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...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...The fallout from the Credit Suisse deal “changes the whole nature of the [AT1] market, and I think the ability to issue going forward is probably close to zero”, said Greg Peters, co-chief investment officer...
...“I think it’s completely appropriate to factor [a rate increase] in,” said Greg Peters, co-chief investment officer of PGIM Fixed Income....
...Davis, who was born in Germany to a US military family, joined Vanguard’s bond indexing team 24 years ago, and has been CIO since 2017....
...The rosy forecasts have “just been tossed out the window,” said Greg Peters, co-chief investment officer at PGIM Fixed Income....
...Greg Obenshain, head of credit at Verdad Capital, makes the counterpoint, arguing in a recent note that high all-in yields can be deceptive “fool’s yields”. The chart below illustrates....
...One $300mn bond maturing in 2026 from developer Novaland fell to 32 cents on the dollar, while a $200mn bond maturing the same year from rival property group BIM Land dropped to 52 cents....
...The flipside is an explosion of lending by bond funds and other investment vehicles that are often collectively called “shadow banks”....
...Eurozone government bond prices rallied, sending yields on Germany’s benchmark 10-year bond down 14 basis points at 2.33 per cent....
...“The moves in bonds are so powerful, the volatility is so high . . . It’s just almost uninvestable,” said Greg Peters, co-chief investment officer at PGIM Fixed Income....
...This time around, however, government bonds wobbled only slightly and both US and global stocks held it together around record highs....
...Greg Abel, Buffett’s anointed successor, and Todd Combs and Ted Weschler, his investment deputies, are lined up to steer the giant....
...“I would anticipate that some of the frothiness around rate cuts will start to fade in the new year,” said Greg Peters, co-chief investment officer at PGIM Fixed Income....
...You can probably guess what happened next, but the announcer call — and Marjanovic’s bond with the crowd — are the stuff of legend. Watch here....
...Greg McMillan in Hong Kong reports. Take a break from the news Who do you know who doesn’t use email?...
...Rising yields “put more pressure on companies that are more levered or properties that are more levered”, said Greg Peters, co-chief investment officer of PGIM Fixed Income....
...Pension funds are the biggest group of investors in the high-yield private credit market, driven by a desire to diversify away from government bonds, which have been hit in recent years by the prospect of...
...“We have the right ingredients to continue with the last mile of disinflation,” said Greg Daco, chief economist at EY....
...At the moment, the central bank is engaged in “quantitative tightening”, or shrinking its holdings of government bonds....
...corporate bonds at Verdad Capital, told me....
...He added: “If something happened to Greg, I would tell the directors they have a problem.”...
...The cushion afforded by chunkier yields was “the story of bonds ultimately”, said Greg Peters, co-chief investment officer at PGIM Fixed Income....
...“So many companies have really benefited greatly from the zero cost of capital,” says Greg Peters, co-chief investment officer at PGIM fixed income....
...Federal Reserve officials discussed removing Greg Becker, the former chief executive of Silicon Valley Bank, from the board of the San Francisco Fed in 2022, but decided against it because they were worried...
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
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