Citigroup Inc., the top adviser in India for share sales, sees no recovery in initial public offers from the worst start since 2009 until investors gain clarity on policies from a new government after elections.
The 10-year Treasury note traded within the narrowest monthly range since April 2007 as unrest in Ukraine and debate about weather-affected economic data dissuaded investors from pushing yields higher.
Franklin Resources Inc.’s biggest funds purchased Ukrainian bonds in the fourth quarter, adding to holdings that made the asset manager the country’s largest debtholder before growing violence spurred unprecedented losses.
Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens.
Franklin Resources Inc.’s biggest funds ramped up their bet on Ukraine by more than $1.4 billion in the third quarter, adding to the asset manager’s status as the country’s largest international bondholder weeks before street protests deepened the worst rout in developing markets.