distressed debt greater margin of safety
Backed up by a return pushing 50% since 2009, Jon Macintosh argues why he thinks distressed debt is one cycle that is worth taking for a ride.
Debt
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eurozone debt plan falters
Europe’s political leaders failed to agree the detail of a plan to resolve the region’s debt crisis at the weekend’s summit, with a further meeting scheduled for Wednesday (26 October).
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f and c appoints product specialist to em debt team
Peter Svododa has been brought in from Erste Group as a product specialist for the emerging market debt team.
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Moody’s downgrades Portugese government debt to junk
Ratings agency Moody’s has cut Portugal’s long-term government debt to below investment grade.
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Germany weakens resistance to introduction of a eurobond
Germany is said to be waivering in its opposition to a eurobond to spread the region’s debt.
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Markets will stabilise soon but policy decisions are key long-term
Markets should stabilise short-term but policy is key to long-term health
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Coutts favours quality bonds and high quality companies
Coutts looks to quality as deleveraging and low growth looks set to dominate.
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Fixed income falls further from favour, fears Fitch
Bonds are falling out of favour with European investors as debt fears sink deeper.
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Pimco: Embrace the change, don’t cash out
Pimco says liquidity investors should not cash out now following the US debt downgrade.
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PA ANALYSIS: US downgrade has no fundamental impact
S&P’s downgrade of the US is a marker of where the country is at rather driving any further downfall
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‘Political bickering’ blamed for US downgrade
S&P’s says the US political in-fighting is as much to blame for its downgrade as the debt crisis.
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Pimco says investors should move away from US
Bill Gross believes the US debt crisis highlights the uncertainty of its future growth prospects.