US funds compare notes on torrid August

EM managers such as Hasenstab of Franklin Templeton post losses

Old stock share certificates from 1950s-1970s

Use of covenants wanes in debt markets

‘False bravado’ and investors’ lack of protection causes concern

The bank of England, City of London.
©Charlie Bibby/FT

BoE publishes bond liquidity concerns

Regulation reduces dealer holdings, causing rising spreads

Wall St extends recovery to second day

Dollar and commodities gain ground

Ukraine secures deal with creditors

Agreement paves the way for $40bn IMF support programme

Wall Street strikes a more confident note

S&P 500 has best day since November 2011

EM debt misses worst of global turbulence

Warnings over dangers of borrowing surge yet to be realised

Reinvention required for credit indices

Pre-crisis products unable to provide protection investors seek

Wall Street recovery turns to dust

S&P 500 stages dramatic reversal

China cuts rates and pumps in liquidity

US markets give up gains after another day of turmoil

European yields up after refocus on growth

Chinese stock market convulsions fail to disturb sovereign bonds

Summers and Dalio flag return of QE

Industry figures argue Fed should restart bond buying plan

Selling volatility in an era of low returns

Vix ’fear’ index at highest level since late 2011

Turbulent markets frazzle investor nerves

China sets tone for latest stomach-churning day in global markets

US Treasuries rally as stocks sell off

Yields fall back below 2 per cent for the first time since April

Investors look to fund CLO manager stakes

New rules put industry under pressure to raise more capital

Abengoa bond worries are not a one-off

Commodity company defaults could spread to higher-quality issuers

Investing: Whatever the weather?

The risk parity strategy pioneered by Ray Dalio and driving a $400bn industry faces a stiff test if the Fed raises rates

US asset manager warns over ‘risk parity’

AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs

Second-quarter GDP revision for UK and US

Gathering of central bankers at Jackson Hole from Thursday