Reset rate market discounts, corporate bonds probably past peak

Hassell, the investment manager's head of fixed assets, says the banks have gone back into "growth mode" as they shore up their balance sheets and build their assets. That has taken the gloss of the reset securities bond market, which was heavily discounted at the low end of the yield curve last year, and Hassell says the securities are now around "fair value" as cash flows free up.

"An...