The sterling bond market is flashing red, with double-digit losses and borrowers put to flight. That’s alarming for firms that need cash. They’re up against the Bank of England’s rate rises, a cost-of-living crisis with inflation at the highest in 40 years and the slow-burning legacy of low productivity. And then there’s the added fallout from Brexit. All in, Bloomberg Economics expects the economy to shrink 0.4% this quarter. “It makes for a pretty tough set up,” said Justin Jewell, a high-yield portfolio manager at BlueBay Asset Management LLP. “The sterling market has been a bit unloved this year partly because of ... (full story)