Kort uddrag fra FT
Investors pulled more than $5bn from funds investing in corporate bonds in the past week, as the credit market heads for its worst year since the financial crisis a decade ago and concerns mount over the outlook for 2019.
Rising US interest rates, the Federal Reserve shrinking its balance sheet and the European Central Bank ending its own bond-buying programme have stirred worries over a new era of “quantitative tightening” that could rattle financial markets.
Corporate debt has emerged as one of the focal concerns, with Paul Tudor Jones, the veteran hedge fund manager, earlier this month predicting “some really scary moments” and even the Federal Reserve highlighting risks in its inaugural financial stability report this week.
