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Fixed Income

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

Fixed Income

Australian inflation-linked bonds: inflation protection but also potentially a 'double-edged sword'

One of the key attractions of inflation-linked bonds (ILBs) is that they provide explicit protection against an increase in inflation. This becomes particularly...
Clive Smith
Russell Investments
Expert Insights

3 themes BlackRock is watching

With nearly $9 trillion in assets, BlackRock is at the confluence of how money moves across the global financial system as well as tectonic shifts in market trends....
Livewire Exclusive
Livewire Markets
Fixed Income

Global bonds suggest Australia’s yields will go much lower

As a manager of high grade bonds, we are quite amused to see so many comments of late regarding bonds and yields, making it difficult for investors to distinguish...
Angus Coote
Jamieson Coote Bonds
Fixed Income

Finding income in a 0% world

When COVID-19 hit Australia in March, credit spreads across the whole investment grade bond market responded by migrating wider and prices headed lower. We saw this as...
COL
Shan Kwee
Janus Henderson
Fixed Income

Avoiding Virgin and other zombies

Australia’s first recession in three decades provides an opportunity for fixed income investors who can navigate the liquidity crunch, interest rate risk and threat of...
Glenn Freeman
Livewire Markets
Fixed Income

If it’s unsustainable, it will eventually end

One of the big advantages of being a debt investor is that you can make long term investment decisions with far fewer short term consequences than an equity investor....
APT
Jonathan Rochford
Narrow Road Capital
Fixed Income

This is the eye of the storm

Western countries continue to face problems with high debt burdens, ageing demographics, and automation. These problems have been exacerbated by COVID, and they're not...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Be cynical on government debt

Whilst I’m generally cynical about politicians, their creativity in finding ways to blame others for what are obviously their problems shows they do have intelligence,...
Jonathan Rochford
Narrow Road Capital
The Rules of Investing

What the ‘smart money’ is saying about Australia's future

Fixed income investors have long held a reputation in markets as the ‘smart money’. With a focus on stability, income, and capital protection, and a propensity for...
The Rules of Investing
Livewire Markets
Fixed Income

From winter springs summer

With the backdrop of March and the trailing ‘winter of discontent’, the stark reality is that a number of converging factors will drive investors to rethink defensive...
Kapstream Capital
Kapstream
Fixed Income
Sponsored

Adding value, not risk

Ahead of the Pinnacle 2020 Virtual Summit, we asked two Australian Fixed Income managers to share a chart from their presentation and explain its importance. Coolabah...
Livewire Exclusive
Livewire Markets
Fixed Income

Bullish outlook not without risks

The global credit markets have staged a terrific rally since the lows set in March. For investors, the question is: what comes next? To set the stage briefly, this has...
Ashok Bhatia
Neuberger Berman
Fixed Income

A wild ride for inflation expectations

Inflation risk is an important consideration for fixed income investors and something we aim to mitigate through active management. Rising inflation has a detrimental...
Jay Sivapalan
Janus Henderson
Fixed Income

The Red Pill or Blue Pill: Navigating the Matrix of Fixed Income

In the film The Matrix, the hero of the story Neo has been unwittingly living in a dreamworld his entire life. He believes what he sees is reality when in fact it is...
Mark Mitchell
Mark Mitchell
Daintree Capital
Fixed Income

The world’s biggest hussle

There is something quite mystical about government bonds. It is astounding that such a simple financial instrument could be held in such high regard that it can offer...
Alex Pikoulas
Alex Pikoulas
Harper Bernays
Fixed Income

Why you can’t afford not to own government bonds

It’s all about certainty. People who argue that government bonds are a bad investment often base it on expectations of higher rates, higher inflation or simply that...
Darren Langer
Yarra Capital Management
Fixed Income

Talk is cheap

Over the past few weeks, the RBA has started to change its narrative, suggesting that while negative rates are extremely unlikely, they’re not off the table. They’ve...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Chinese monetary policy: Does ignoring the established norms signal the way to create higher inflation?

While the conduct of monetary policy in China is converging on what are established norms in advanced countries, in many ways it is still quite different. It is these...
Clive Smith
Russell Investments
Fixed Income

Keeping your investment strategy in check

As Andrew Schwartz of Qualitas called out in prior videos, the future seems exciting for alternative commercial real estate lenders as major banks scale back on...
Livewire Exclusive
Livewire Markets
Fixed Income

Debt LIT discounts in focus

The latest Listed Managed Investments Monthly for July 2020 focuses on the implied default rates of each debt listed investment trust and compares these figures to...
Rodney Lay
Rodney Lay
Risk Return Metrics
Fixed Income

There’s a reason emerging markets look cheap

It seems like we’re back where we were at the beginning of the year, with most asset classes looking rich. In these times some investors are tempted to expand their...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Could we see another bond market taper tantrum?

Despite the recent sell-off, the promise of highly stimulatory monetary policy from the US Federal Reserve is the dominant force driving bond market yields today. The...
Anthony Doyle
Anthony Doyle
Firetrail Investments
Fixed Income

The biggest opportunities in bond markets

As governments and central banks transition from crisis management to maintaining easy conditions and significant financial support for industries, investors can be...
Livewire Exclusive
Livewire Markets
Fixed Income

Don’t fear negative yielding bonds in a portfolio

High grade sovereign (or government) bonds remain as relevant as ever in an uncertain and complex market environment. Today’s bond yields are indeed low, and some...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

The sweet spot of credit

Even before the COVID-19 pandemic rocked global financial markets, Australia was on its way to join the lower yield world. Now, Australian investors in search of...
Samantha Milner
Ares Wealth Management Solutions
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