Tasos Vossos

UK-based investors pulled money from cash funds and piled into bonds last month, enticed by surging yields, according to fund flow data compiled by Calastone.

French state-backed lender Bpifrance SACA is selling a new type of bond backed by small company loans, looking to end a more than decade-long regulatory impasse over European Secured Notes.

European corporate bonds are vulnerable to the aftershocks of the war in Iran, with spreads for both investment grade and junk bonds expected to widen by year end, according to strategists at Deutsche Bank AG.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the U.S. subprime mortgage sector.

Lee Robinson, gestor de hedge funds que obtuvo una ganancia de 900% durante la crisis financiera global al convertir una posición de US$20 millones en US$200 millones mediante apuestas oportunas contra el mercado hipotecario subprime estadounidense, considera que está surgiendo una nueva oportunidad de inversión ante los crecientes riesgos del crédito privado.

Abhinav Ramnarayan, Tasos Vossos and Liza Tetley, Bloomberg News

In the market for junior bank capital — where distinctions between strong and weak banks matter most — investors are becoming remarkably indifferent.

Bond investors are increasingly betting on flexible funds that can buy whatever they like as lofty credit market valuations leave little margin for error.

Unconstrained funds have enjoyed a revival after taking a beating during the inflation shock of 2022. In the US, nontraditional bond funds have grown about 6% in size this year, and 18% since the end of 2024, according to Morningstar data. In Europe, assets in global flexible bond funds have grown almost 10% this year.