Fitch Assigns Cencosud’s Bonds Expected ‘BBB-’ Rating

Fitch Assigns Cencosud’s Bonds Expected ‘BBB-’ Rating Fitch Ratings has assigned an expected senior unsecured rating of ‘BBB-’ with a Stable Outlook to the proposed issuance of up to USD1 billion bonds to be issued by Cencosud S.A. . Read more on Business Wire via Yahoo! Finance

Convertible Bonds Lead Debt Gains Amid Yuan Bets: China Credit

Convertible Bonds Lead Debt Gains Amid Yuan Bets: China Credit China’s convertible debt is outperforming the rest of the bond market, rising 11 percent this quarter, as stocks rally and the yuan strengthens. Read more on BusinessWeek

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain

Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing. Read more on BusinessWeek

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain

Narula’s Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain Now the New York-based firm is seeking to protect against one of the “biggest” risks in the $5.2 trillion market for agency mortgage bonds, Narula wrote in a July 22 letter to investors. Read more on Bloomberg