The only real surprise about Moody’s cut in China’s rating was the timing. But some see the move yesterday as a signal of doubt that may stall the opening of mainland bond markets.
The US-based alternatives credit firm says the US securitised leveraged loan market is fundamentally healthy, but some investors are still shunning the segment.
The firm’s global CIO for fixed income says the firm won’t be a foreseller of US Treasuries and its portfolio rebalancing is miniscule. But BoA Merrill warns of a potential tipping point.
S&P’s move to lower the US’s long-term credit rating is seen simply as a reflection of reality. While further market volatility is forecast this week, some see opportunity in dislocation.
Bond fund managers in the US debate which sectors of the market will be affected if the country suffers a credit downgrade – and which could prosper.
Large-cap US stocks offer the best value, despite the US being put on negative outlook by rating agency Standard & Poor's for the first time, says the CEO of Perkins Investment Management.