Global Investing

Record year for global bond markets in 2012

January 3, 2013

How good was 2012 for bond markets? Very good, by the look of the many records broken.

And the winner is — frontier market bonds

November 22, 2012

Global Investing has commented before on how strongly the world’s riskiest bonds — from the so-called frontier markets such as Mongolia, Nigeria and Guatemala — have performed.¬† NEXGEM, the frontier component of the bond index family run by JP Morgan, is on track to outperform all other fixed income classes this year with returns of over 20 percent., the bank tells clients in a note today. Just to compare, broader emerging dollar bonds on the EMBI Global index have returned some 16 percent year-to-date while local currency emerging debt is up 13 percent.

Winners, losers and the decline of fear

October 10, 2012

Lipper has released its monthly look at fund flow trends in Europe, and as ever, it throws up some intriguing results.

Credit rally: Bubble or not?

February 20, 2012

Corporate bonds are back in vogue this year but how sustainable is it?

Just to highlight how bullish people have become, see following comments from fund managers:

Corporate bonds in sweet spot

February 16, 2012

Anticipation is running high for the ECB’s LTRO 2.0 due on Feb 29.

The first such operation in December has largely benefited peripheral bonds even though estimates show banks used a bulk of their borrowing (seen at  just 150-190 bln euros on a net basis) to repay their debt, as the graphic below shows.

Euro periphery: Lehman-type shock still on cards

February 13, 2012

The passing of Greek austerity measures is fuelling a rally in peripheral debt today with Italian, Spanish and Portuguese yields falling across the curve.