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Fixed Income

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

Fixed Income

An undiscovered yield opportunity

Small and Medium Enterprises (SMEs) have long been neglected by the banking sector in Australia. The amount of data required to assess the...
Brett Craig
Aura Group
Fixed Income

Asset Allocation - a good time to rebalance

As the end of the financial year approaches, it is a traditional time to take stock and see how one’s portfolio has performed. Please take a few minutes to watch our...
Jonathan Sheridan
Jonathan Sheridan
FIIG Securities
Fixed Income

Fixed Income is the main game

The traditional mindset regarding fixed income is that the returns are low and it is a boring asset class. Investing in Woolworths' (ASX:WOW) bonds is not a barbeque...
MQG
Mark Todd
Mark Todd
Bank of China
Expert Insights

Taking advantage of distressed sellers to enhance yield

There has been a rush to offer investors daily liquidity in asset classes, such as private debt, that simply aren't liquid. Bob Sahota from Revolution Asset...
Livewire Exclusive
Livewire Markets
Fixed Income

Are CLOs Going to Cause Another Financial Crisis?

Frank Partnoy has lit up financial media with his claim that CLOs are set to cause a financial crisis level of bank collapses. He argues that today’s CLOs are the...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Markets roar back, but it’s not over yet

At the time of writing, US stock markets are up almost 45% since the March lows, which is easily the biggest move up in the shortest time ever. Markets are rallying...
Stuart Dear
Schroders
Fixed Income

Why rates are staying low

In some countries, including the UK, Canada, and New Zealand, central banks are now buying more bonds than the government is issuing. So we're actually seeing a...
Adam Bowe
PIMCO
Fixed Income

Fixing a stable future for burgeoning Super Funds

In mid-January, research house SuperRatings said that members could expect ‘solid’ returns in 2020. While 2019 had been a bumper year, powered by one of the best...
Mike Healey
Mike Healey
Payton Capital
Fixed Income

Where to from here?

This is a short video interview with Pinnacle's Gerald Willeston on: "Where to from here?" In this chat, I quickly recap where credit spreads have gone, and potential...
Christopher Joye
Coolabah Capital
Fixed Income

The Winner Is… Busted Companies

Some commentators have gone as far as saying capitalism is broken as the share market is a on a tear when the economy is suffering so badly. Whilst the recent surge...
Jonathan Rochford
Narrow Road Capital
Fixed Income

A Very Uncertain Life after COVID – where to from here?

Risk assets, in particular the equity market, even after last night, are still pricing in a decidedly V-shaped recovery from the COVID-19 lockdown and subsequent...
Jonathan Sheridan
Jonathan Sheridan
FIIG Securities
Fixed Income

Bond markets not buying this equity rally

Bond markets aren't buying into the optimism seen in equity markets in any way, shape or form. So while the S&P500 index gained 4.5% in May, bonds didn't move much at...
Charlie Jamieson
Jamieson Coote Bonds
Fixed Income

Are government bonds still a worthy investment?

Government bonds issued by the world’s major advanced nations are the safest asset that can be held in a portfolio. They have also provided respectable returns, and...
Jasmin Argyrou
Jasmin Argyrou
Credit Suisse
Fixed Income

Charlie Jamieson - How negative yields can still provide positive returns

What makes for a quality government bond portfolio, and why should investors be attracted to them?In this episode, Charlie and David discuss the benefits of...
David Clark
Koda Capital
Fixed Income

The Great State Bailout

It’s an issue that has passed under the radar here in Australia but it is of great political, economic, legal and credit risk interest. It’s the argument over whether...
Jonathan Rochford
Narrow Road Capital
Rapid Fire

Why patience is a virtue for yield hungry investors

Investing in private markets can present opportunities that aren't often available to investors. With a far longer timeline than is typical in listed equities, private...
Livewire Exclusive
Livewire Markets
Fixed Income

Macquarie hybrid soars, Genworth pulls bond issue, and housing bears run for hills

As we had projected here days ago, Macquarie's new hybrid security (ASX: MLBPC - it was initially marketed as MBLPB) listed on the ASX at a massive premium to face...
Christopher Joye
Coolabah Capital
Fixed Income

Commercial Real Estate Debt: Bridging the income gap

I have recently met many investors who have shared one common concern: their challenge in finding a stable and dependable income stream. I empathise with their...
Andrew Schwartz
Qualitas
Fixed Income

Is the RBA out of step with the rest of the world?

Despite the RBA’s recent monetary and fiscal intervention, a recession still seems to be on the cards. Why is the RBA so unwilling to follow along with more...
Chris Rands
Chris Rands
Yarra Capital Management
Fixed Income

Storms will come: Get your defences ready

In our previous Collections piece, our quartet of fixed income managers discussed 10 risks that could wreck markets. To recap their views: While US$18 trillion of...
Vishal Teckchandani
Livewire Markets
Fixed Income

Hope is not a strategy

The recent risk market rally reflects hope for a sharp recovery as economies slowly reopen. However, bond markets are once again diverging from equities and predicting...
Asmita Kulkarni
Asmita Kulkarni
FIIG Securities
Fixed Income

Hero or Zero: $500m Macquarie hybrid lists on Wednesday...

The $500 million Macquarie Bank Capital Notes 2 (ASX: MBLPB) hybrid begins trading on Wednesday, and it will be fascinating to see how it performs. This new deal was...
MQG
Christopher Joye
Coolabah Capital
Fixed Income

Residential Mortgage Obligations in New Zealand – A new investment opportunity for investors

The existence of Residential Mortgage Obligations (RMO) isn’t new. It was only in 2017 the Reserve Bank of New Zealand started taking steps to develop a private...
Clive Smith
Rapid Fire

Reliable income amid the dividend cuts

So far in 2020, investors have seen circa $26b worth of dividend income disappear. For some investors, the loss of income is no great concern, but for investors that...
Patrick Poke
A Rich Life
Fixed Income

Bonds vulnerable to a sell-off

“Do not be misled by expert bravado or by an expert’s own sense of how he or she is doing. Evidence is a much better guide than an impressive self-presentation.” Cass...
Scott Haslem
LGT Crestone
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