‘Any buyers?’ Net gilt issuance hits all-time high despite BoE sell-off
With the central bank now a seller in the market, questions arise over who will buy the record £240bn issuance
Government Bonds
-
-
Abrdn shutters three more funds
Liquidations are part of its plan to merge or close over 100 strategies
-
Credibility issues put bond investors off UK
JP Morgan AM and Jupiter managers among those reluctant to tap into climbing gilt yields
-
Bank of England gilt buying spurs confidence amid fiscal fragility
Central bank’s intervention may have calmed markets, but clouds linger on the horizon
-
Property funds fare worst in a sorry September for investors
While US bonds, healthcare and Latin America deliver the only bright spots
-
Quilter’s Wealthselect MPS backs fixed income but swerves gilts
Weighting to equities pared back as ‘further deterioration’ expected
-
Mini budget sets off a mini-quake in gilt markets
‘People are getting out their long-term history books to find an example of worse one-day price moves’
-
Bond funds return to favour with £893m of net inflows in July
But UK gilts have sold off sharply in recent weeks over fears energy crisis will drive inflation higher
-
Baillie Gifford late stage growth trust enjoys sharp rebound in August
Emerging market funds, particularly Latam, dominate last month’s winners
-
Parmenion moves overweight govvies
But retains higher allocation to alternatives
-
Wealth managers batten down the hatches as US enters technical recession
Tilt towards quality and defensive plays like short dated credit and govvies alongside rising cash levels
-
Five reasons the bond sell-off may reverse
With markets aggressively pricing in Fed tightening, value could be returning to global bonds, says T Rowe Price’s Quentin Fitzsimmons