Bond managers relaxed ahead of bumper index rebalance

Fed’s credit facilities boost confidence as downgrades hit corporate bond indexes


Asset managers expect the bumper month-end rebalancing of corporate bond indexes on April 30 to pass without much fuss. And if it does, they’ll have the US Federal Reserve to thank for averting a fire sale.

The difference in liquidity conditions between now and March “really is like night and day”, says Neil Sutherland, a portfolio manager for US multi-sector fixed income at Schroders. “We’ve had pretty much unlimited intervention from the Fed and we’ve had a pretty significant recovery

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: