Yields on UK gilts jumped in early trading as investors reacted to the threat of a possible downgrade of the UK's AAA rating.
Sion Cole, executive director at UBS Global Asset Management discusses the recent trend towards passive management but why an active approach to fixed income still has a place within your scheme's portfolio.
UK - UK pension funds are increasing their allocations to local emerging-market debt (EMD), according to a new report by Moody's.
JAPAN - Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.
US - Fitch Ratings has downgraded New Jersey's debt rating in large part because of its swelling pension funding needs.
CYPRUS - Cyprus is the latest nation to be slapped with a downgrade by Moody's, with its rating cut two notches over concerns the country is heading towards a bailout.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
US - Moody's has become the second ratings agency to place fixed income funds on review for possible downgrade over concerns they are either entirely or largely directly invested in US Treasury and government agency securities.
IRELAND - Ratings agency Moody's has cut the Republic of Ireland's debt rating to junk status.
PORTUGAL - Moody's has downgraded Portuguese debt to 'junk' status on fears it will need a second bail out just months after it received €78bn ($112bn).