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Fixed Income

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

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
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
Fixed Income

Tubthumping (I Get Knocked Down)

More commonly remembered by its lyrics, the 1997 song ‘Tubthumping’ by British band Chumbawamba topped charts globally, becoming an international hit. The single was...
Kapstream Capital
Kapstream
Fixed Income

Year to date bond issuance

After somewhat of a slow start to the year, bond issuance has gathered momentum. While this has been mainly led by governments and financial institutions issuance,...
Asmita Kulkarni
Asmita Kulkarni
FIIG Securities
Fixed Income

Australia remains cheap and steep

Ground hog day continued in markets over July, with many countries experiencing stop, start, stop outcomes on Covid-19 progress. Countries that are targeting...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Is Anyone Crazy Enough to Lend to Argentina?

In June 2017 Argentina sold US$2.75 billion of 100 year bonds and I wrote then that “Argentina is unlikely to get through a decade without defaulting let alone 100...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Is Australia ready for more monetary stimulus?

With Aussie bonds in high demand across the world, a growing demand for a more aggressive fiscal response from the Australian government, and a rise in COVID-19 cases...
Darren Langer
Yarra Capital Management
Fixed Income

Why use a multi-manager framework in fixed income portfolios? Risk management is the key

The utilisation of multi-manager frameworks is often criticised as detracting from returns. However, focusing on return maximisation ignores the inherent uncertainty...
Clive Smith
Fixed Income

Trials and tribulations of trading

In the AFR today I write that while the life of an investor/trader can be stimulating, it is also stressful. The active investor is effectively betting that the...
Christopher Joye
Coolabah Capital
Fixed Income
Sponsored

Seeking to solve the dual needs of income and capital stability

As investors contend with record low rates and significant cuts to shareholder dividends, savvy managers are creating investment solutions that meet the dual investor...
Livewire Exclusive
Livewire Markets
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