Fitch Ratings has said bond managers' efforts to improve the liquidity profile of their funds are still insufficient to meet redemptions if investors begin rushing for the exit.
Regulators fear rush to the exit
Global concerns weighed on decision
Rathbones' Julian Chillingworth analyses the key considerations for central bankers as they decide on the trajectory of future monetary policy.
The former chairman of the Federal Reserve has warned that the world is entering a bond market bubble.
The S&P reached a further record high at closing yesterday, as disappointing economic data coming out of the US alleviated fears of an interest rate rise in the near future.
Fund managers give their views on the key issues impacting global asset classes and outline how they are positioning portfolios.
Investors have been told to brace themselves for a "painful" adjustment as the money taps pumping liquidity into global markets are turned of in the US and interest rates raised.
The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.
A UK financial trader has been arrested over claims by the US that he helped cause the 2010 Wall Street "flash crash".