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Fixed Income

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

Fixed Income

The ramifications of QE in Australia

It may seem misplaced to discuss the likelihood of unconventional monetary policy in a country that has registered only three quarters of negative GDP growth in the...
Daniel Siluk
Kapstream
Fixed Income

Real estate bright spots amid coronavirus uncertainty

As the Coronavirus fear grows its footprint, uncertainty is taking its toll on markets. As real estate investors, we see both opportunities and threats on the horizon....
Andrew Schwartz
Qualitas
Expert Insights

What looks good and what doesn’t in fixed income

With interest rates at record lows and investment-grade credit barely offering returns above the cash rate, where are the pockets of value in fixed income? Michael...
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Livewire Markets
Fixed Income

ASX hybrid liquidity soars 160% as spreads improve

I am often asked what liquidity is like in the ASX hybrids market, and it is generally better than most people appreciate. And contrary to popular myth, liquidity...
Christopher Joye
Coolabah Capital
Fixed Income

The Rate Debate: Down, but not out

On 3 March 2020, the RBA cut rates by 25 basis points to 0.50% in response to the coronavirus. But have they cut too early? And what happens if markets are hit with...
Nikko AM
Nikko AM
Nikko AM
Expert Insights

For this asset class, Australia is the lucky country

Private credit, which has recently emerged as a high income option for the fixed income component of portfolios, offers an unusual advantage to Australian investors....
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Livewire Markets
Fixed Income

The ability to vertically slice a portfolio is an important factor in assessing redemption risk

With the level of interest rates likely to remain low for some time, one of the ways investors are ‘reaching for yield’ involves assuming more liquidity risk. In...
Clive Smith
Fixed Income
Sponsored

SMSFs driving non-bank lender raising

A slowdown in growth for the big four and regional banks is being offset by investor interest in the burgeoning growth of non-bank lenders.This is evident in the...
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Livewire Markets
Expert Insights

How to reduce the risk of a portfolio

With the returns on offer, it can be alluring to tilt towards an equity-heavy portfolio. But with those returns, come higher volatility, and therefore more uncertainty...
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Livewire Markets
Expert Insights

The best way to make money? Don’t lose it

The sagest piece of advice that Michael Korber, Head of Fixed income and Credit at Perpetual Investments, received went like this. “It’s a lot easier to make money if...
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Livewire Markets
Fixed Income

Markets priced for perfection in an imperfect world

Market focus can move quickly. The concerns of 2019 now seem in the distant past. Brexit – resolved; trade wars – apparently resolved; central banks providing...
Mihkel Kase
Schroders
Fixed Income

GFC Mk II could be triggered by subprime corporate loan crisis

This weekend I write about how GFC Mk II could be triggered by a subprime corporate loan crisis. A new record was set this week for the lowest-ever recorded yields on...
Christopher Joye
Coolabah Capital
Fixed Income

Going against consensus: Why the RBA will remain on hold

The bond market moves of last year caught most investors off guard, as many were expecting higher cash rates over the year. Currently, market expectations see the...
Chris Rands
Chris Rands
Yarra Capital Management
Expert Insights

The one red flag in private credit investing

In our previous video, Andrew Lockhart of Metrics Credit Partners provided a short 101 of what private credit investing entails. In this episode, he digs a bit deeper...
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Livewire Markets
Expert Insights

A high income option for defensive portfolios

With interest rates at record lows and expected to go down even further in Australia, investors are considering the gamut of high yield options to compensate for the...
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Livewire Markets
Fixed Income

Govt launches corporate bond market review

It is really encouraging seeing the Government announce a review of the corporate bond market, led by Jason Falinski, who I am pretty confident can quickly come to...
Christopher Joye
Coolabah Capital
The Rules of Investing

Finding income in a low-rate world

For the best part of a decade now, income hungry investors have battled to find a decent yield. Thankfully, the capital gains from falling rates have offset the lack...
The Rules of Investing
Livewire Markets
Fixed Income

The Rate Debate: Did the RBA make the right call?

What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Darren Langer and Chris Rands...
Nikko AM
Nikko AM
Nikko AM
Fixed Income

Absolute Return Strategies: Understanding the underlying drivers of returns is key.

With interest rates at all-time lows, there is an increased focus by investors on how to enhance returns without assuming ‘excessive levels’ of interest rate or credit...
Clive Smith
Fixed Income

Value in contrarian credit

While it’s fair to say that 2019 was a forgettable year for Australia’s Major Banks, investors holding their debt had a much better time of it. Amidst the chase for...
Phil Strano
Yarra Capital Management
Expert Insights
Sponsored

4 key market risks to watch for

Despite a range of negative macro risks, Vivek Bommi, from US$355 billion investment firm Neuberger Berman, argues here that markets still look constructive, and that...
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Livewire Markets
Fixed Income

Yield In Non-Bank Lending

2019 in ReviewMacro ViewAs we noted in the 2018 review of the fund, we came into 2019 with concerns in relation to the soft macroeconomic environment in Australia, and...
Brett Craig
Aura Group
Fixed Income

Anecdotes of Yield Chasing

There’s a common question being asked of economists, money managers and financial commentators these days; are we mid-cycle or late-cycle? The honest answer is that we...
Jonathan Rochford
Narrow Road Capital
Expert Insights
Sponsored

Where to find value in the high yield market

While the entire ASX is worth around $2 trillion today, the global high yield bond market is worth around A$3 trillion and is a market that Australian investors can...
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Livewire Markets
Expert Insights
Sponsored

Three sectors that look good today

Vivek Bommi is a senior portfolio manager with Neuberger Berman, a US-based investment management firm with over US$355 billion under management. When we caught up...
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Livewire Markets
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