The Obama administration told asset managers last week that it was planning additional sanctions against Russia over the conflict in Ukraine.
The won is strengthening at the fastest pace since 2011 as improving economies in the U.S. and Europe brighten the outlook for South Korea’s exports, spurring demand for the Asian nation’s assets.
Chinese property developers with the option to repurchase dollar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co.
Pacific Investment Management Co. and Western Asset Management Co. were dropped by consultant Mercer as managers of a bond fund that had more than $1 billion in assets as of last year.
The Bank of Japan will probably boost currency in circulation by more than 50 percent by the end of 2015, catching up with the Federal Reserve, amid forecasts for extra stimulus.
Argentina’s effort to repair ties with overseas investors is starting to yield results in the bond market as the country tries to stem a plunge in foreign-currency reserves.
Foreign investors boosted purchases of China’s onshore bonds by 16 percent this year as some funds look at the yuan’s drop as a buying opportunity.
Harris Trifon, who ran commercial real estate debt and asset-backed research at Deutsche Bank AG, has left the bank to join Western Asset Management Co. as it boosts it securitized-bond team.
Petroleo Brasileiro SA sold $8.5 billion of bonds yesterday, cementing its position as Latin America’s biggest debt issuer.
Western Asset Management Co., a unit of Legg Mason Inc., will pay more than $21 million to settle charges of defrauding clients, the U.S. Securities and Exchange Commission said.
Legg Mason to Start Active ETF with Grail: Audio