Mutual funds have broadly stepped up their bets in longer-duration government bonds in 2024 as the likelihood of interest rates being lowered – even if with a slight delay – brings the prospect of reaping capital gains on sovereign debt. An analysis of public factsheets released by five large mutual funds shows a significant increase in modified duration and average maturity of gilt funds, indicating confidence that interest rates, and consequently bond yields are heading lower in coming months.
Infosys ADRs 40% spike linked to a “bizarre” technical glitch, says report
Infosys ADRs surged as much as 40% on the NYSE before trading was halted twice, despite the company denying any material trigger. A Canada-based report