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Fixed Income

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

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
Livewire Markets
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
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
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
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
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