Home Wires

Fixed Income

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

Fixed Income

More fiscal, less monetary stimulus: What this means for your portfolio

With sweeping lockdowns and a rampant Delta strain, the optimism that was slowly bubbling in June soon dwindled. Economic activity is set to contract, yet in...
Adam Bowe
PIMCO
Fixed Income

Looking past the peak: Opportunities for Australian portfolios

Following the release of our June Cyclical Outlook, Adam Bowe and I held a livestreamed webcast for Australian clients to discuss the outlook for Australia’s growth,...
Robert Mead
PIMCO
Fixed Income

NAB launches first 5-year major bank senior bond issue since January 2020

NAB has launched the first benchmark 5-year major bank senior bond issue since January 2020 (ie, prior to the advent of the COVID-19 crisis). This was consistent with...
Christopher Joye
Coolabah Capital
Fixed Income

No boom to come: Savings will remain high

The price of money or rate of interest in a market-determined framework is a function of supply and demand which pertains to savings and investment (borrowing). ...
Andrew Canobi
Franklin Templeton
Fixed Income

COVID presents survival of the fittest for credit issuers

Strong underlying fundamentals and a favourable outlook for 2022 and beyond are apparent across non-investment grade (IG) credit. Within such markets, issuer default...
Joseph Lind
Neuberger Berman
Expert Insights

Spotting unscrupulous spruikers and other credit market potholes

March of 2020 put the blow torch on credit-related funds. When ‘defensive’ allocations needed to step up, some funds melted with investors unable to redeem units or...
Livewire Exclusive
Livewire Markets
Fixed Income

Global capital securities – an income alternative and complement to local hybrids

With interest rates near all-time lows, ASX-listed bank hybrids have become an increasingly popular source of regular and stable income for clients alongside the...
Richard Quin
Bentham
Fixed Income

Is the Australian economy alive; is housing a protected species?

We may not know the answer to this first question for years to come – at least until the “artificial supports” from the government and broader public sector are...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Finding income in a low-interest environment

Looking at fixed income as an asset class in isolation, there are three key benefits required to make an investment allocation. These are: The expected income or...
Jesse Imer
Jesse Imer
Fixed Income

Chinese bonds: Focus on fundamentals not historical correlations

One of the benefits often touted from adding Chinese exposures to global bond portfolios are the diversification benefits arising from the lower global bond...
Clive Smith
Fixed Income

Wesfarmers breaks green bond ground

Australia’s sustainable bond universe blew past $15 billion in 2020, but still lags the European market by four or five times on a relative basis, says Realm...
WES
WOR
Glenn Freeman
Livewire Markets
Expert Insights

How much risk is your fund manager really taking?

A simple maxim in investing is that to generate a higher return you must take on more risk. This fundamental rule applies across asset classes, from equities through...
Livewire Exclusive
Livewire Markets
Fixed Income

Shred it for credit

Despite writing this from a Sydney that is still in lockdown (and expected to remain that way for a while longer) and noting a surge in COVID-19 Delta variant cases...
Mark Bayley
Kapstream
Fixed Income

Don’t let the window of opportunity close

‘Defend and protect’ is the name of the game when investing in government bonds, according to Charlie Jamieson from Jamieson Coote Bonds. As any basic financial...
Patrick Poke
A Rich Life
Fixed Income

How do hybrids perform under stress?

Over the last decade, hybrids have produced returns that have been comparable or better than most other asset classes, but for any investor that is only half the...
Campbell Dawson
Elstree Investment Management
Fixed Income

Why are bond yields so low?

Capital markets do not always behave as expected, as evidenced by the decline in core government bond yields in recent weeks, and the flattening yield curves that have...
Kerry Craig
J.P. Morgan Asset Management
Fixed Income

The rising stars in today’s market

Fixed income is littered with concepts that are often hard to grasp. The same can not be said about Rising Stars and Fallen Angels. It’s not a fairy tale, but rather a...
Joseph Lind
Neuberger Berman
Fixed Income

Steeper yield curve brings a flood of opportunities

With the now familiar ‘reflation trade’ (one of the more overused terms of 2021!) now evident, the resulting steeper interest rate yield curve is providing a happy...
Phil Strano
Yarra Capital Management
Fixed Income

Bird of prey nowhere to be seen

With spreads largely at all-time lows and sourcing real yield proving problematic, asset allocation is challenging for those with constrained mandates. Flexibility in...
Charlie Callan
BondAdviser
Expert Insights

A 10% allocation that can increase returns over the long haul

In an era when large swathes of fiscal stimulus are flooding markets creating unpredictable outcomes, the prospect of inflation and a little stability goes a long way....
Livewire Exclusive
Livewire Markets
Fixed Income

The search for the elusive "R-star": What it means for monetary policy

The fundamental failing of using "r-star" as one of the cornerstones of monetary policy is that it cannot be directly observed. This makes the more recent behaviour...
Clive Smith
Fixed Income

What the Fed's recent announcement means for investors

A more hawkish Fed may not lift Treasury or investment-grade credit yields, and that raises important questions for fixed income investors and asset allocators.While...
Ashok Bhatia
Neuberger Berman
Fixed Income

How to diversify your income through cash and property

Bonds and property together with equities make up the three pillars of any respectable portfolio. Unlike equities, however, getting an attractive exposure to bonds and...
Livewire Exclusive
Livewire Markets
Expert Insights

"Stand on your own merit" proves to be a winning investment strategy

Every investment you make has some risk associated, but there's one asset class with returns that are high relative to the risk while delivering a stable source of...
Livewire Exclusive
Livewire Markets
Expert Insights

The thematic behind the next building boom

Across Australia, the built form is facing a resurgence. From developing vacant land to constructing big, shiny office towers, there is a huge market for credit to...
Livewire Exclusive
Livewire Markets
551-575 of 1026