Bloomberg The best start to a year for bond returns is helping fuel an unprecedented debt-sale bonanza by governments and companies around the world of more than half a trillion dollars. From European banks to Asian corporates and developing-nation sovereigns, virtually every corner of the new issue market is booming, thanks in part to a rally that’s seen global …

  Bloomberg UBS Group AG is recommending investors to buy European credit over US debt amid signs of distress in the US loan markets, cracks emerging in private credit and a potentially severe downside risk in US high-yield debt. “We acknowledge US high yield is better positioned — mainly on the shift in credit quality,” UBS analysts led by Matthew …

  Bloomberg Two Southeast Asian central banks diverged in their policy settings on Thursday, with Malaysia unexpectedly standing pat and Indonesia delivering a widely expected interest-rate increase that brings it closer to the end of its tightening cycle. Bank Indonesia raised its benchmark rate by 25 basis points to 5.75%, while Bank Negara Malaysia stood pat as predicted by Euben …