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Fixed Income

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

Fixed Income

RBA finally unleashes the bazooka

If the RBA cutting rates is the entrée for markets this week, then the outcome of the US election is the main course and dessert rolled into one. Tune in to hear...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Using duration as a counterweight to credit can improve investor outcomes

Active duration exposures are often seen by investors as more of a tactical tool within fixed income portfolios, reflecting a directional view regarding interest...
Clive Smith
Expert Insights

Corporate bonds to shine as new credit cycle begins

As Covid-19 ravages through impecunious issuers across the fixed income universe, Adam Grotzinger of Neuberger Berman expects the credit cycle to start afresh as...
Vishal Teckchandani
Livewire Markets
Fixed Income

More QE is coming

In October, the Reserve Bank of Australia (RBA) communicated that it would consider lowering 10-year Australian government bonds yields and would not be surprised if...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Expert Insights

Generating yields from fixed income ETFs

While exchange-traded funds (ETFs) have erupted in popularity among Australian investors, the enthusiasm has been largely weighted towards equity and gold-based funds....
Livewire Exclusive
Livewire Markets
Fixed Income

Structured finance and the opportunities for private debt investors

Australia’s Q2 2020 Gross Domestic Product (GDP) figures were released on September 2nd, 2020, revealing a 7% Quarter on Quarter fall, the largest since GDP records...
Brett Craig
Aura Group
Fixed Income

BBB rated, A+ returns

With exceptionally low yields across most developed markets and asset classes, investors are increasingly having to take more risk to achieve higher returns. Even...
Phil Strano
Yarra Capital Management
Expert Insights

Why inflation is a risk

High inflation seems to be a topic befitting of an ancient economics history syllabus. It’s hard to remember when sustainably rising consumer prices were an issue....
Livewire Exclusive
Livewire Markets
Fixed Income

Our approach to maintaining durable income

The new environment of zero rates and higher credit market volatility calls for a new approach to durable income investing—one that can go anywhere, but remains...
Adam Grotzinger
Neuberger Berman
Fixed Income

Assessing Australians' income options

With the COVID-19 pandemic continuing to disrupt economies and markets, investors are in uncharted territory, but the traditional benefits of a broad opportunity set...
Robert Mead
PIMCO
Fixed Income

The leveraged loan market has gone feral

The US leveraged loan market has had a tough year but the pain is set to continue for years to come. At the start of the year margins were low and competition for...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Will lower interest rates fix the economy?

September delivered a wobble in risk markets combined with growing expectations of further RBA policy support delivering positive returns for fixed income investors....
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Opportunities in alternative credit

Alternative Credit investments span the liquidity spectrum and are secured by assets that generate cash flows upon which the investment relies for repayment. From an...
Charles Arduini
Charles Arduini
Ares Wealth Management Solutions
Fixed Income

Currency exposure offers diversification benefits for Australian portfolios

Diversification has famously been described as the “only free lunch in finance”1 for its potential to reduce risk without sacrificing returns. It seems that this free...
Aaditya Thakur
PIMCO
Rapid Fire

They’re cheap, high-returning, low risk – and they aren’t stocks

It's a relatively unknown asset class locally, but convertible bonds, which combine characteristics of both equities and bonds, held up remarkably well during the...
Patrick Poke
A Rich Life
Expert Insights

The strategic asset allocation reset

With the thunderous volatility in markets and extraordinary levels of policy intervention, BlackRock’s ETF business iShares is seeing ~70% of fund flows heading into...
Livewire Exclusive
Livewire Markets
Fixed Income

Has the RBA gone too far by not going far enough?

Despite some industry heavyweights predicting a rate cut, the RBA kept rates on hold for October. What three reasons do Darren Langer and I give that could explain the...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

A double win for the major banks

Whether it’s by deliberate decision or by happenstance, the Federal Government has handed the Australian major banks two big wins over their non-bank competitors. The...
+1
Jonathan Rochford
Narrow Road Capital
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
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
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