Hints and tips:
...He added that DWS planned to add more funds to its fixed-maturity bond ETF offering over time....
...Bonds issued by Illinois, New Jersey, New York’s transit authority and even the US territory of Puerto Rico have rallied since the election....
...Mr Van Hassel is a veteran who spent 15 years in a variety of jobs at JPMorgan, where he worked as head of fixed income and later as head of operations and technology of the bank’s asset management division...
...The Pimco chief executive talks to the FT’s Owen Walker about his three years at the helm and rejuvenating the fixed income firm....
...It is one of the best fixed-income opportunities in the world.”...
...the manager for the Global Income fund and merging the Quarterly Income fund to drive additional returns.”...
...For global banks that are active in this market, there are two primary sources of collateral for the banking system: (i) hedge funds and (ii) other types of institutional investors....
...Not insignificant; say a bit more than the face value of Puerto Rico’s debt. There are several ways to make money with an MSR....
...are big winners on Puerto Rico bonds Markets Insight: Cobalt’s supply shock a painful warning to carmakers It is unwise to rely on a supply chain dominated by the Democratic Republic of Congo Lex: Yelp...
...That could be a nod to recent events in Puerto Rico, where customers were caught out after using loans secured against portfolios of government bonds to buy more government bonds....
...As head of fixed income, Mr Misra oversaw Deutsche’s biggest traders and trades including a contrarian bet against subprime mortgages that came good as the financial crisis hit....
...were being propelled higher by “refugees” from fixed income markets who were being starved of yield....
...Other banks, mainly the US banks are taking a much more conservative space and they argue that even if you were in theory allowed to provide all your fixed income research for free under MiFID II to everybody...
...• Flavio Carpenzano has joined AllianceBernstein as a senior portfolio manager in the fixed-income business development team in London....
...“These are undeniably fixed-income-bearish statements, but we’ve had nothing but a rally.”...
...The rules are intended to stiffen consumer protection and inject more transparency into over-the-counter markets such as fixed income and exchange traded funds....
...– From the NYT again: “The teachers’ pension fund in Puerto Rico looks very much like a legalized Ponzi scheme — one that might hold a warning for teachers across America....
...My own conclusion is that the fixed income and currency markets are still if anything understating the chances of a rise in rates at the end of this year; and the equity market seems not to care....
...Even many people on the fixed income buyside have a hard time caring about their hedge fund colleagues....
...You have stage payments, because they won't pay you all the money upfront in case you go off to Puerto Rico and don't build the place....
...But as sentiment towards stock markets remains gloomy amid mixed macroeconomic data, and investors flock to less risky fixed income funds, research from BAML and EPFR shows that municipal bond funds have...
...By some counts, the total number of parking spaces in the US cover an area the size of Puerto Rico. Designers and city planners are already salivating over what they could do with this reclaimed space....
...Investors in equity funds have seen the biggest savings, with the average cost for funds in this sector falling 16 basis points, followed by a drop of 15 basis points for fixed income funds....
...An interest in the $12.7bn Capula funds group fits with its stake in BlueMountain, a $22bn fund with a focus on fixed income....
...A full-blown default could push up borrowing costs for municipalities across the US, roughly three-quarters of US fixed-income investors have some exposure to Puerto Rico....
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