Finbarr Flynn

Chicago

Managing Editor at Bloomberg Businessweek

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Articles

Top UBS Fund Manager Buys ‘Oversold’ Asia Junk Bonds During Rout

1 week ago | bloomberg.com | Finbarr Flynn

The UBS Group AG logo on the former Credit Suisse headquarters in Zurich. Photographer: Pascal Mora/Bloomberg(Bloomberg) -- A top Asian junk bond investor purchased more of such debt during the recent tariffs-induced market turmoil, reiterating a bullish view on the sector given fewer defaults and expectations of a lighter blow from trade tensions.
Top UBS Fund Manager Buys ‘Oversold’ Asia Junk Bonds During Rout

1 week ago | news.bloombergtax.com | Finbarr Flynn

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關稅引發市場巨震瑞銀一位業績超群的基金經理增持超賣的亞洲垃圾債

1 week ago | hk.news.yahoo.com | Finbarr Flynn

【彭博】-- 在川普關稅戰引發市場巨震之際，瑞銀資產管理一位業績表現優異的基金經理增持亞洲垃圾債，並重申看好這一市場，理由是違約減緩，並且預計貿易戰對亞洲企業的衝擊可能有限。「我們繼續看好亞洲高收益債券今年整體表現，」瑞銀資產管理亞洲固定收益投資主管Raymond Gui表示。「與前幾年相比低於預期的違約率，以及關稅對信用基本面的直接影響有限，這都將是推動高收益債券中期表現的重要因素。」根據彭博數據，Raymond Gui管理的瑞銀亞洲高收益美元債基金去年殖利率約為16%，擊敗了98%的同行，其他垃圾債基金的平均殖利率約為9%。儘管市場普遍擔憂川普關稅政策將對亞洲出口導向型經濟體造成衝擊，但不少亞洲高收益債券發行人因較側重於本土市場，受影響程度可能相對較小。同時，在此前主導亞洲高收益債券市場的中資房企經歷了一輪歷史性的違約潮後，亞洲地區的債務違約有望放緩，這也有助緩解投資者的擔憂。 Gui表示，公司此前較為謹慎的倉位，使其得以按計畫在上周市場大跌時逢低買入了一些「超賣」的亞洲高收益債券。他強調，雖然亞洲高收益債券市場近期與全球市場同步下跌，但今年以來的表現並未跑輸。...
Asian Dollar Credit Incurs Worst Losses in Five Years on Tariffs

1 week ago | bloomberg.com | Finbarr Flynn

Stock figures displayed in Pudong's Lujiazui Financial District in Shanghai. (Bloomberg) -- Asian dollar bonds are suffering the biggest losses since the pandemic, following a selloff that underscores concerns about regional borrowers’ credit risks amid an escalating trade war. Asia’s investment-grade US-currency notes lost 2.4% last week, the most since March 2020, a Bloomberg index shows. Globally, high-grade corporate debt lost 1% in the same period, according to another Bloomberg gauge.
Goldman Lifts US Junk, Loan Default Forecasts on Tariff Woes

1 week ago | bloomberg.com | Finbarr Flynn

Shipping containers. Photographer: Kyle Grillot/Bloomberg(Bloomberg) -- Goldman Sachs Group Inc. strategists revised higher their forecasts for debt defaults by US junk bond issuers and leveraged-loan borrowers, citing widening credit spreads and pressures that US tariff policies put on the world’s largest economy.
Asian Credit Gauge Rallies Most in Half a Year on Tariff Pause

2 weeks ago | news.bloomberglaw.com | Ameya Karve |Finbarr Flynn

A credit default gauge tracking debt of Asian companies and sovereigns tightened by the most in half a year Thursday after US President Donald Trump paused higher tariffs on trading partners with the exception of China. The cost to insure investment-grade debt of Asian issuers outside Japan declined by 16 basis points, according to traders. If that level holds, the CDS are poised to tighten the most in single day since Sept. 20, a Markit index shows.
Swings in Treasuries Trigger Global Bond Market Aftershocks

2 weeks ago | bloomberg.com | Ruth Carson |Mia Glass |Finbarr Flynn

The Nasdaq MarketSite in New York, US, on Wednesday, April 9, 2025. Five days after President Donald Trump's America-versus-the-world trade war threw stock and bond markets around the world into disarray, he backpedaled and, in the process, pulled the financial system back from the brink.
Credit Gauges in Asia Show Most Concern Since Early Pandemic (2)

2 weeks ago | news.bloombergtax.com | Ameya Karve |Finbarr Flynn |Kari Lindberg

Credit-default swaps in Asia blew out the most since the worsening of the Covid-19 pandemic in 2020, as a rout in risk assets deepened following US President Donald Trump’s doubling down on his global tariff barrage and China’s retaliation. The cost to insure investment-grade debt of Asian issuers outside Japan widened by 26.5 basis points on Monday, according to traders, deeper than the 22 basis points in earlier trading.
Asia Credit Gauge Flashes Most Concern Since Early Pandemic

2 weeks ago | bloomberg.com | Ameya Karve |Finbarr Flynn

Credit-default swaps in Asia blew out the most since the worsening of the Covid-19 pandemic in 2020, as a rout in risk assets deepened after US President Donald Trump doubled down on his global tariff barrage and following retaliation from China. The cost to insure investment-grade debt of Asian issuers outside Japan widened by about 22 basis points on Monday, according to traders. If that level holds, it would mark the biggest single-day jump since March 2020, a Markit index shows.
Junk bonds suffer worst rout since 2020 with U.S. hit hardest

2 weeks ago | bnnbloomberg.ca | Rachel Graf |Josyana Joshua |Aaron Weinman |Finbarr Flynn

U.S. junk corporate bonds led the biggest slump in global high—yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth. The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points Thursday to 386 basis points, marking the worst selloff since March 2020 at the onset of the coronavirus pandemic, the Bloomberg Global High Yield Corporate index shows.