Home Wires

Fixed Income

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

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 Investment Management
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
Fixed Income

It's all about supply (chains) and demand (destruction)

Over the past two and a half years, global inflation markets have gone from shot to prominence for investors, as global lockdowns switched to global re-openings fueled...
James Wilson
James Wilson
Jamieson Coote Bonds
Fixed Income

Is it all falling apart?

Years of rapid financialisation has led to colossal debt growth with low interest rates and QE helping to push asset prices ever higher. The tide is rapidly...
Andrew Canobi
Franklin Templeton
Fixed Income

Is the 60-40 portfolio model still relevant?

As inflation has begun to tick up in recent months, prompting a shift in central bank policies around the developed world, the yields on fixed-income assets have...
Glenn Freeman
Livewire Markets
Fixed Income

The quieter debt market sell-off

While the sell-off in growth stocks and tech stocks has garnered most of the headlines this year, there’s been a quieter sell-off happening in debt markets....
Jonathan Rochford
Narrow Road Capital
Fixed Income

Hybrids: The asset turbocharging returns for Yarra Capital

When thinking about a capital structure, on one end of the spectrum you have senior debt and on the other, equity. The securities in the middle can be unloved at...
Angus Kennedy
Livewire Markets
Expert Insights

How transmission effects will shape your investing

The rate hiking cycle that investors are staring down is historic. After years of declining rates (more than a decade in the Reserve Bank's case), we are finally...
James Marlay
Livewire Markets
Fixed Income

Don't know which forecasts to believe? Start by ignoring most of them

Livewire trades in the currency of ideas. Ideas from the leading minds in Australia and abroad, all in the name of making you better investors. You can understand my...
David Thornton
Livewire Markets
Fixed Income

Properly managed, private debt offers attractive yield in a rising rate environment

The conclusion that today's rising rates make private debt securities riskier investments is not as dry cut as you think. Livewire's David Thornton talks to REALM...
David Thornton
Livewire Markets
Fixed Income

Listed Hybrids Playing Catchup

The Australian ASX listed hybrid market generally trades at a premium versus similar securities in the institutional market, meaning listed assets generally produce a...
Chris Black
Chris Black
Alexander Funds Management
Fixed Income

In a highly uncertain world, markets will remain very volatile

Inflation is unlikely to return quickly to any stable trend levels, with more volatility expected in readings as the world returns to a larger boom/bust cycle. This...
Charlie Jamieson
Jamieson Coote Bonds
Expert Insights

Yarra Capital: Where to invest as growth slows

Rain, hail or shine, investors must make investment decisions for the betterment of their holdings. But when a record bull market looks set to falter, hitting...
Angus Kennedy
Livewire Markets
501-525 of 1138