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S Korea’s won not stopping bond bulls

Bloomberg Foreign investors piling into South Korean bonds have made them the second-best performers in emerging Asia in the past six months. The coming week may give them more reason to keep buying. Seen as a haven from this year’s sell-off in emerging-market assets, the nation’s debt has drawn $45.6 billion from global funds this year. A weakening won — ...

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Quantitative tightening is rattling markets

Bloomberg When it comes to reversing their crisis-era bond buying, central bankers are focussed on the destination. Traders in risk assets care more about what could be a painful journey. The contrasting views upset markets this week. Chairman Jerome Powell reiterated the notion that the Federal Reserve would remain on auto pilot when trimming its $4 trill- ion portfolio, and ...

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US loan fund sees record outflows

Bloomberg Investors pulled money out of US loan funds at a record pace, withdrawing $3.3 billion in the week ended December 19, as they grew increasingly spooked by market turmoil. It was the fifth straight week of outflows of more than $1 billion, an exodus that’s driven prices to the lowest since September 2016, according to the S&P/LSTA Leveraged Loan ...

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