Morningstar: – Our 5 Nominees for fixed-income fund manager of the year. – Although a strong showing in 2012 is an important criterion in selecting our nominees, we also want to recognize managers who have delivered superior long-term returns with sound strategies that continue to earn our analysts’ confidence. So this year’s nominees for Fixed-Income Fund Manager of the Year are.
Barron’s: – Gundlach on bonds: No credit bubble, just ‘naive investing’. – On Bloomberg TV this morning, DoubleLine‘s Jeff Gundlach says investors should sit tight in 2013 and beware some riskier investments in bonds.
About: – The highest yielding fixed income investments: Where to find yield NOW. – The extremely low rates on US Treasuries and other lower-risk investments has fueled rising demand the highest-yielding areas of the bond market in recent years. Even now, there is no shortage of fixed-income investments that can provide yields above the rate of inflation.
FT: – PIMCO’s Gross warns of leverage risk in the corporate bond market. – Bill Gross offers a sharp rebuke of the inherent leverage in corporate bond markets today and says investors are largely unaware of the consequent risks.
CNN Money: – Just how risky is Amazon’s debt? – S&P gives the retailer’s bonds a high rating. Moody’s says Amazon’s debt is just above junk. So what gives?
ETF Trends: – Muni ETFs extend losing streak on tax jitters, bond flood. – The largest exchange traded fund indexed to municipal bonds was down for the seventh straight session Monday on fears the asset class may lose some of its tax advantages and as borrowers saturate the market with new issuance.
MarketWatch: – Treasury yields hit highest in over a month. – Treasury prices extended losses on Monday, pushing yields up for the fourth session in five, as signs of progress by U.S. lawmakers in addressing tax and spending changes offered markets some relief.
Forbes: – Will Americans stop loving junk? – Buying risk this year meant an ample reward. Junk bonds returned around 15%, mostly because there’s not much else. Treasury’s and higher-rated corporate bonds provide only a pittance. The questions for investors: should I devote money for junk next year—and am I being adequately compensated for the additional risk?
Barron’s: – What could go wrong-and right-for bond markets in 2013. – When it comes to the market risks in 2013, investors are focused on the big three: China, Europe and the US But there’s a lot more that could go wrong–or right–next year.
FT: – The party may be over for fixed income. – With US 10-year yields starting the week 30 basis points above the record low of around 1.40 per cent seen this summer, some are again prepared to call the turn.
Tom Lydon: – ETF industry trends for 2013: bonds, dividends and emerging market debt. – While many forecasts for 2013 are tied to the state of the US economy and the likelihood of Congress having resolved the fiscal cliff, S&P Capital IQ believes the ETF industry will continue to gather assets.
Financial News: – US pensions turn to emerging market bonds. – Fund managers said US pension funds are beginning to increase their allocations to emerging market bonds following warnings of a bubble in developed market debt.
Reuters: – Global covered bond expansion to accelerate in 2013. – The globalisation of the covered bond market is forecast to gather pace in 2013, making up for the dwindling levels of supply in the European market, bankers say.
Learn Bonds: – Best municipal bond funds for 2013 and beyond. – As part of our quest to make choosing bond funds easier, we present our list of the best municipal bond funds for 2013 and beyond.
BondSquawk: – Sale should bode well for SandRidge high yield bond. – Here are the details of a High Yield bond issued by SandRidge Energy. As part of Bondsquawk’s High Yield Portfolio released earlier, this bond offers an investor an opportunity to capture high income with the potential for price appreciation.
iShares: – A look back: Navigating 2012’s twists with fixed income ETFs. – A prolonged low interest rate environment. An ongoing European debt crisis. An impending fiscal cliff. 2012 presented investors with more than their fair share of challenges, and if we look back at the year’s flows, we can see how investors used fixed income ETFs to navigate the tricky environment.
Gross: Investors unite! Beat The Wealth Tax recap: 1 steep curve; 2 TIPS; 3 develping economy growth; 4 stocks w reg cash flo; 5 real assets
— PIMCO (@PIMCO) December 18, 2012
Remember when everyone was saying the fiscal cliff was good for munis? That was funny.
— Bond Girl (@munilass) December 18, 2012
— Cate Long (@cate_long) December 18, 2012
Glaring omission from M-Star’s FI manager of the yr nominations has to be Ivascyn’s PIMCO Income Fund $pimix
— David Schawel (@DavidSchawel) December 17, 2012