Bloomberg Asian and European investors are pouring money into dollar corporate bonds, which have grown more enticing as longer-term US yields have risen and hedging costs have fallen. A European investor can earn about 1.03% on an average US high-grade corporate bond after hedging, or around 0.8 percentage point above euro-denominated counterparts, according to data compiled by Bloomberg. That’s one …

Bloomberg More than one-third of the 89 billion pounds ($122 billion) of lending handed out by the UK government to help businesses through the pandemic will never be repaid, according to the National Audit Office. The report, based on government estimates, says 31 billion pounds ($42.51 billion) will need to be written off, highlighting the dire position of many firms …

Bloomberg The Bank of England (BOE) probably won’t cut interest rates below zero in the foreseeable future even as the growth outlook deteriorates. Just one of 14 economists surveyed by Bloomberg anticipate a move to sub-zero rates for the first time in the BOE’s three-century history. The central bank is due to publish the results of a consultation about how …