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Fixed Income

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

Fixed Income

Lean into markets to avoid getting sucked into recency bias

Financial news isn't the most confidence-inducing of things at the moment. Doom and gloom make for good headlines. But investing only for doom and gloom can be a...
David Thornton
Livewire Markets
Fixed Income

Chart of the Week - Banks Taking a Cautious Approach

Credit Spreads vs Lending Standards: The latest Fed loan officer survey (which asks banks whether they are making it easier/harder for people to get a loan), showed...
Callum Thomas
Topdown Charts
Fixed Income

4 banks from Australia and the US go head-to-head

At the time of writing this article, a major war in Europe was entering its fourth week and the US Federal Reserve had increased interest rates for the first of...
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Brad Dunn
Daintree Capital
Fixed Income

Where we see the best value in credit markets as inflation returns

As equity market volatility rises and inflation returns, bonds – global and domestic, corporate and government – are once again on investor radars. After the Reserve...
Aaditya Thakur
PIMCO
Expert Insights

Why it’s important to “time” your credit exposure (but not how you might think)

For the last 12 months(1) , fixed-rate credit assets have missed the mark, but floating rate has faired better irrespective of credit quality*. Ares Australia...
Glenn Freeman
Livewire Markets
Fixed Income

The forgotten asset class set to outperform in 2022

Against a backdrop of economic and geopolitical uncertainty, rising inflation, and rate hikes, Roy Keenan of Yarra Capital Management offers his thoughts on an...
Roy Keenan
Yarra Capital Management
Fixed Income

How to maximise returns from your fixed income allocation

Credit markets often get lumped into monetary policy or bond market conversations. The broad-brush treatment is then applied. However, relative value can be found...
David Thornton
Livewire Markets
Fixed Income

Performance-enhancing debt: The key to high returns in a rising rate environment

Throughout history, top performers have done whatever it takes to remain at the summit - however it is the experienced heads that play the game with distinction whose...
Angus Kennedy
Livewire Markets
Fixed Income

This US market is reaching boiling point, what are the alternatives?

Timing the top of a market is an entirely thankless task. For every genius who sold it all in 2007, there are countless others who have moved to cash when diviners...
Joe Millward
Epsilon Direct Lending
Fixed Income

The bond market selloff is a prime opportunity, says KKR

No-man’s land sounds like an unusual place to find opportunities, but that’s how KKR’s Jeremiah Lane describes one of his team’s most fertile hunting grounds. What...
Glenn Freeman
Livewire Markets
The Rules of Investing

Charlie Jamieson: Bond market pricing in "extraordinary" rate hikes

The RBA lifted the cash rate yesterday by 25 basis points, to 0.35%. And just like that, its war on inflation - to be waged against aggregate demand - is underway. ...
The Rules of Investing
Livewire Markets
Fixed Income

Is the RBA risking a recession to solve inflation?

The RBA hikes rates by 25bps, with more set to come in 2022 as Australia’s central bank attempts to keep a grip on inflation. With oil and commodity prices set to...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Victorian budget surprises with debt issuance downgrade on underlying strength

While media reporting on Victoria's budget has been confusing, it has surprised the market, investors and analysts with material downward revisions to the size of...
Kieran Davies
Coolabah Capital
Fixed Income

Forget active versus passive: We should all be proactive fixed-income investors

For as long as most can remember, there has been ongoing debate over whether investors should be utilising active or passive approaches to investing in fixed income...
Clive Smith
Expert Insights

Embrace credit asset "idiosyncracies" as volatility sets in, says KKR

The war in Ukraine has rocked global energy markets and also affected the so-called “soft commodities” of the agriculture sector – in addition to the conflict’s...
Glenn Freeman
Livewire Markets
Expert Insights

The deep divide in credit markets, and how to take advantage

Currently, a big chunk of the credit market shows negative real yields and excessively high levels of interest rate duration risk. However, Ares Australia Management...
Glenn Freeman
Livewire Markets
Fixed Income

Higher returns by moving lower in the capital structure

Moving lower down the capital structure of higher rated corporate issuers can be a smart way to add higher returns to well diversified portfolios. In this article we...
Jonathan Sheridan
Jonathan Sheridan
FIIG Securities
Fixed Income

Chart of the Week - Bond Yields and Inflation

Treasury Yields and the Long-Term Rate of Inflation: A lot of people have gotten excited about the surge in annual inflation rates, but in my view it’s arguably...
Callum Thomas
Topdown Charts
Fixed Income

Bond markets and house prices: Something’s gotta give

Bond markets in Australia have had a tough time of late. Bond yields have climbed briskly, fearing a patient Reserve Bank of Australia (RBA) might just need to play...
Jay Sivapalan
Janus Henderson
Fixed Income

How to avoid credit investing mistakes as rates rise, crises escalate

“Get back to basics” and “Don’t make mistakes” – easily said, often difficult in practise. But they're key for credit investors seeking to navigate the current...
Glenn Freeman
Livewire Markets
Fixed Income

Cash is king when inflation shifts higher

March was a tough month for investors with equities, bonds, credit and even some haven currencies selling off dramatically. Global equities fell over 6%, US 10-year...
Mihkel Kase
Schroders
Expert Insights

Striking the right balance in bonds, as interest rate risk returns

There are degrees of risk in equity markets – a long-established large-cap banking stock is (generally) less volatile than a micro-cap mining play – and there are...
Glenn Freeman
Livewire Markets
Expert Insights

Where KKR's credit team sees durable cash flow and downside protection

Whether the US Federal Reserve moves interest rates half-a-dozen times in 2022 – or perhaps even more – one thing is certain: rates are heading higher. Just what...
Glenn Freeman
Livewire Markets
Fixed Income

Investors should brace for a growth shock

Such is the conundrum facing central banks as they seek to rein in inflation without choking off economic growth. Having retired the word ‘transitory,’ the US...
James Cielinski
Janus Henderson
Fixed Income

This is how much the RBA will hike rates in 2022 - and this is what we will do

Russia's war in Ukraine has sent commodity markets markedly higher, further fueling inflation concerns in the near term. In a bid to cool inflationary pressures, the...
Charlie Jamieson
Jamieson Coote Bonds
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