Bond funds

Global equities notched their largest monthly gain since at least 1988, while multiple major benchmarks are at or near all-time highs.

Flows into U.S. fixed-income products this year have already surpassed the total for all of last year.

The world’s largest debt market may not be as sleepy as it seems.

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

Innovator ETFs, an asset manager, will debut its so-called buffer funds at a time when Treasury yields are hovering near historic lows and duration risk climbs.

Despite besting the broader market over the long-term, those at the top have underperformed in the first half of 2020.

Mass exodus from the market has forced managers to dump securities to raise cash, sending prices tumbling the most in at least four decades.

The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).

While determined to capitalize on the distortions created by the coronavirus, the bank says the offering won’t “act as vulture investors.”

Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.

As liquidity disappeared amid the coronavirus-sparked mayhem, veteran fixed-income portfolio manager Gemma Wright-Casparius saw opportunities.

The central bank plans to make both outright purchases of corporate bonds as well as funds potentially invested in sub-investment grade debt.

Even some of the industry’s cheapest products “may be overpriced” in that they’re “mirroring a passive index,” an expert says.

It’s the latest example of how firms who spent the past decade battling low yields are now raising cash to seize on deep discounts from the coronavirus.

With few corners of the fixed-income industry safe from harm, investors’ faith in managers appears to be intact — for now.

Dubbed Disco III, the fund will target leveraged loans, high-yield bonds and collateralized loan obligations.

Total net assets in Michael Hasenstab's Templeton Global Bond Fund slumped to $22.6 billion as of March 31, public filings show.

Asset managers are targeting massive amounts of capital to benefit from credit market stress as the coronavirus leaves many companies in need of support.

“These funds got an assist from the Fed when they were told they would backstop the higher end of the high-yield credit industry,” an expert says.

The firm expects a second wave of opportunities, particularly in commercial mortgage-backed securities and collateralized loan obligations.