Bonds

POLAND - Polish bonds fell for a fifth day, pushing yields on 10-year debt to a one and a half year high, on government plans to cut the portion of workers' contributions to private pensions and on bets the central bank will raise interest rates next...

MALAYSIA - Malaysia's Employees Provident Fund, the country's biggest pension fund, plans to increase its $1bn global sukuk programme by about 50% this year to meet government-set targets.

Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.

TURKEY - Anadolu Hayat Emeklilik AS, Turkey's biggest manager of pension funds, has started buying the first lira- denominated bonds ever sold by local banks to benefit from higher returns than are available on government debt.

EUROPE/US - Swiss Re has transferred $50m of longevity trend risk to the capital markets.

US - PIMCO's co-CIO Bill Gross has poured $4.4m of his own money into five municipal bond funds run by the group in anticipation of a rally, Bloomberg reports.

UK - Lord Myners has branded advice to increase scheme fixed income allocations as "nonsense" and warned the bond market is an "enormous bubble which will burst".

Lord Myners has branded advice to increase scheme fixed income allocations as "nonsense" and warned the bond market is an "enormous bubble which will burst".

Corporate bonds and emerging market debt can offer attractive valuations and improving fundamentals, especially in comparison with developed markets, delegates heard.

UK - Institutional bond investors look increasingly likely to suffer amid the ongoing debt crisis and should seek safety in secured assets, M&G warns.