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Hi folks, Mark here. I host another show at the FT called SwampNotes. It's about US politics, finance and the economy.

And we do this thing where we answer listener questions on our show. So if you have a question about American politics,

shoot me a message and we can get an F.T. journalist to give you an answer. My email is in the

show notes and can't wait to hear from you. Good morning from the Financial Times. Today is Thursday, October 16th,

and this is your FT News briefing. Risky corporate bonds are losing their appeal, and the IMF has a

warning for the U.S. As this enormous debt mountain continues to grow, there's ongoing risks of some sort of major correction in the government bond markets with potential implications around the world.

Plus, Turkey's anti-corruption crackdown is hitting businesses, but there are concerns over ulterior motives.

I'm Mark Filipino, and here's the news you need to start your day.

Big investors are cutting back their exposure to riskier corporate debt.

They're betting that a huge rally over the past few years has made pricing

in the credit market overly optimistic. So the worry is that if the global economy starts to wobble,

that could lead to a sell-off. Asset managers like BlackRock and Fidelity International

are now shifting to safer corporate bonds or government bonds.

The International Monetary Fund doled out some advice to the U.S. and the U.K. yesterday.

...