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Fixed Income

The core of any good portfolio, learn about the key themes and opportunities in fixed interest.

Fixed Income

Good news for credit investors despite the looming threat of recession

The last month has seen a rally in global bond markets, after a protracted period of repricing, US 10-year yields down around 32 points to 2.76% as of 9 August. This...
Aaditya Thakur
PIMCO
Fixed Income

What happened to my distribution?

The recent major selloff in bond markets has highlighted the potential issues associated with managing distributions. More specifically issues can arise in fixed...
Clive Smith
Fixed Income

The certainty of a maturity date on longer-dated fixed rate bonds

As global markets brace for ongoing uncertainty caused by higher inflation and rising interest rates, bonds offer investors certainty through regular coupon payments...
Jessica Rusit
FIIG Securities
Fixed Income

The elegantly simple way to protect your capital in this asset class

Let's not sugar coat it, fixed income has been through the wars. It's gotten so bad that some pundits have even dismissed the traditional 60/40 portfolio as being...
David Thornton
Livewire Markets
The Rules of Investing

Is a golden era for income investors coming?

Fixed income has had a torrid time of it the last year – in fact, by some measures it’s been the worst year on record – with US treasuries losing about a tenth of...
The Rules of Investing
Livewire Markets
Fixed Income

The global factor driving Aussie swap spreads

Our fundamental model of Australian swap spreads that we released in December 2021 started the new year well, predicting the early tightening of 10-year swap spreads...
Matthew Johnson
Matthew Johnson
Coolabah Capital
Fixed Income

What rising rates mean for bond yields and mortgages in Australia

Inflationary pressures have been stubbornly persistent in most economies this year given COVID-19 supply chain disruptions, labour shortages and energy price...
Adam Bowe
PIMCO
Fixed Income

How investors should prepare for rising recession risks

A global recession is increasingly a concern for all investors. To combat rampant inflation, central banks are having to engineer the impossible - raise interest rates...
Adam Bowe
PIMCO
Fixed Income

Leading indicators warn of global recession

Central banks state they are not seeing signs of a recession as they continue hiking rates to curb spiralling inflation. But with forward indicators flashing red...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

How the market is navigating the five stages of grief

As the second quarter ends, investors are licking their wounds from negative asset returns as policy withdrawal corrodes asset values around the world. Investor...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Victoria raises $7.9bn from VicRoads sale for COVID debt repayments

There are media reports abound that Victoria has raised $7.9 billion from the partial sale of VicRoads. Treasurer Tim Pallas, confirms the funds will go to the...
Jason Lindeman
Coolabah Capital
Fixed Income

The recent change in the Australian credit cycle may only be temporary

One of the interrelationships often utilised by investors in more credit heavy portfolios is that interest rates will provide a level of protection against ‘risk off...
Clive Smith
Fixed Income

Bonds: The cool kids again

A year ago, investors were questioning the prudence of the 60-40 blend and no one was predicting that, entering the 2022/23 financial year, they would be increasing...
Cameron McCormack
VanEck
Fixed Income

State debt issuance in FY23 reduced from original $86bn estimate to $68bn

We have now received the big five state budgets and can assess proposed debt issuance relative to what they projected for this coming FY23. The short story is the...
Jason Lindeman
Coolabah Capital
Fund in Focus

Floating rate notes could be the answer to bruised fixed income portfolios

Positioning your defensive allocation to absorb inflation is easier said than done. As inflation rises, the fixed-rate bonds that typically dominate defensive...
Simon Mullumby
State Street Global Advisors
Fixed Income

Super-sized rate hikes, super-sized credit risk, super-size problems. Follow the dominoes.

The change of policy in 2022 has set off a series of dominoes for asset markets. Government Bonds were first to fall in quarter one, with other assets also following...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Banks are net buying government bonds

The quarterly banking statistics from APRA make for interesting reading, and are very easy to misunderstand. Superficially, it appears as if the Aussie banking...
Jason Lindeman
Coolabah Capital
Fixed Income
Sponsored

One asset class floating above the market volatility

With equity and fixed income markets both in turmoil, floating rate credit has once again delivered exceptional results for investors. Absolute returns of the...
Michael Korber
Perpetual Asset Management (Australia)
Fixed Income

Actively manage bond maturities to improve returns

Returns on bonds can be further increased when bonds approaching their maturity or call dates are reinvested ahead of time. We look at the benefits of actively...
Jessica Rusit
FIIG Securities
Fixed Income

What the RBA's latest hike means for markets?

Welcome to this month's trade floor update. The RBA has raised rates for the second month in a row, and we haven’t seen the end of it. It’s a good time to be a bond...
Robert Mead
PIMCO
Fixed Income

Has the RBA hit panic mode?

With rates on the rise, higher inflation and wages below expectation, has Australia's central bank panicked by hiking rates by 50bps, the largest monthly move in...
Chris Rands
Chris Rands
Yarra Capital Management
Expert Insights

Where CIP Asset Management sees credit opportunities in the rubble

Let's not mince words - it was a rough first quarter for investors. Apart from commodities and cash, it was very difficult to make and sustain money anywhere in the...
James Marlay
Livewire Markets
Fixed Income

Victoria hits it out of the park with the biggest ever book-build and bond deal, topping $8bn

After some criticism following a poorly received post-budget debt funding update, Victoria's debt management arm, Treasury Corporation of Victoria (TCV), has hit the...
Christopher Joye
Coolabah Capital
Fixed Income

New Zealand Bonds Underperform, Though There May Be a Silver Lining

Investors in New Zealand bonds have suffered over the last couple of years as the local market materially underperformed global bond markets. This underperformance...
Clive Smith
Fixed Income

What you need to know before investing in bonds

Government bonds were traditionally favoured for their non-correlation to equity markets. But even before COVID arrived on our doorstep more than two years ago, the...
Glenn Freeman
Livewire Markets
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